We briefly review the data concerning possible overheating in the state's housing market.
Our Fiscal Outlook assumes continued growth in assessed values.
The expiration of the Proposition 30 sales tax increase affects the sales tax projections in our new Fiscal Outlook publication.
In conjunction with the November 2015 edition of our Fiscal Outlook, we update our estimates for the revenue effects of Proposition 30 (2012).
The U.S. Bureau of Labor Statistics recently released its updated states' "U-6" measure (a broad measure of the unemployed, underemployed, and those who are not looking but who want a job") through the third quarter of 2015.
Personal income tax collections in September were hundreds of millions above the Governor's projections for the month.
The U.S. Bureau of Economic Analysis (BEA) has released state personal income data through the second quarter of 2015.
Last week, the U.S. Census Bureau released updated poverty statistics for states indicating that 16.4 percent of Californians—more than 6 million people—were poor in 2014. This poverty rate is down slightly from the 2013 rate of 16.8 percent, but remains higher than in the rest of the U.S.