Fiona Ma: Warriors boost economy, tax revenue

Even amid the transcendent joy of the Golden State Warriors’ NBA championship win, California’s tax officials are keeping their eye on the bottom line.

Fiona MaBoard of Equalization member Fiona Ma, whose district includes the Bay Area, issued a news release Wednesday morning noting that the championship ring comes with a monetary bonus for the players, meaning a modest increase in tax revenues for the state. But on a larger scale, as the series and victory reverberate through the economy – merchandise sold, extra hours for arena employees, restaurants and bars packed with fans – there’s even more money coming in.

Ma’s statement noted that $10 million might seem like a drop in the bucket of the state’s world-class economy, but that sum could hire 320 full-time employees at $15 per hour; open 100 small businesses; or buy for school supplies for 103,000 kids.

“The Warriors gave as good as they got throughout the entire season, and they’re bringing home a championship trophy,” Ma said in the news release. “Even better, they’ve made winners of us all, and I congratulate them on a stunning season! … Here’s to another win in 2016!”

Josh Richman

Josh Richman covers state and national politics for the Bay Area News Group. A New York City native, he earned a bachelor’s degree in journalism from the University of Missouri and reported for the Express-Times of Easton, Pa. for five years before coming to the Oakland Tribune and ANG Newspapers in 1997. He is a frequent guest on KQED Channel 9’s “This Week in Northern California;” a proud father; an Eagle Scout; a somewhat skilled player of low-stakes poker; a rather good cook; a firm believer in the use of semicolons; and an unabashed political junkie who will never, EVER seek elected office.

  • Willis James

    Does Fiona Ma mean a extra $10 million in tax revenues?

    If so, and she says that will cover 320 full time employees at $15 per hour, the please show man any state agency that only pays $15 per hour in total compensation.
    Even the lowly state custodians make over $22.50 per hour in their compensation.

    Ma lives in a dream world.
    Full time custodians in Oakland city government make about $70,000 a year in total compensation without overtime.
    That is about $33 a hour, NOT $15 per hour in cost.

  • JohnW

    Yikes! Surely a Board of Equalization member understands the difference between recurring and non-recurring contributions to the economy. The components she mentioned are one-time spikes. The $10 million would be barely enough to cover 320 $15/hr jobs (excluding benefits) for only one year.

  • Elwood

    As far as I know, there is nothing that says a BoE member can’t be stupid.

  • gimmemymoney

    Isn’t it great when a pick up in the economy is based on an increase in restaurants & bars? And we vote them in!!!!