SW Riverside News

A bill aimed at supporting charitable organizations by increasing the monthly limit on bingo overhead costs has been signed into law. Senator Seyarto announced that SB 1044, which raises the limit to $3,000 per month and includes annual adjustments based on the California Consumer Price Index (CPI), is now in effect.

Charitable bingo games are a significant source of fundraising for many community organizations. Previously, overhead costs were capped at either 20% of the prize money or $2,000 per month, whichever was less. This cap, considered adequate when implemented in 2013, has not kept pace with rising costs.

Senator Seyarto stated that SB 1044 ensures nonprofits and other community organizations maintain financial stability amid changing economic conditions. "This legislation will provide long overdue support to our charitable organizations," he said. "SB 1044 addresses one of the financial challenges they face, ultimately ensuring they can cover essential expenses and continue supporting our communities."

Bridgette Moore, Mayor of Wildomar and an active participant in several nonprofits, suggested this legislative proposal last year. She commented: “The ability of philanthropic organizations to serve their communities through bingo game programs have been threatened due to increased overhead cost. SB 1044 turns that around. I want to express my gratitude to Senator Seyarto for championing this crucial and impactful legislation.”

SB 1044 received bipartisan support and faced no opposition.

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