2017 May Revision: LAO Economic Outlook May 11, 2017

We discuss our new economic outlook, released as part of our response to the Governor's 2017 May Revision.


State Personal Income: 1st Quarter of 2016 July 6, 2016

The U.S. Bureau of Economic Analysis has released state personal income through the first quarter of 2016.


May Revision: Wage and Salary Estimates May 27, 2016

We discuss our May Revision estimates of wages and salaries in California, as well as the administration's.


Personal Income Budget Formula Estimate Likely Too Low February 18, 2016

We discuss a particular formula used in the state budget related to personal income growth. The administration's January estimate of this formula for the 2016-17 state budget is likely too low.


3Q2015 State Personal Income January 5, 2016

The U.S. Bureau of Economic Analysis released estimates of state personal income through the third quarter of 2015 on December 21, 2015.


Fiscal Outlook: Personal Income vs. Income Tax Projections December 11, 2015

We discuss the distinctions between our personal income and personal income tax projections.


California Personal Income Growth Ranked #4 in 2nd Quarter October 1, 2015

The U.S. Bureau of Economic Analysis (BEA) has released state personal income data through the second quarter of 2015.


4Q2014: California Personal Income Growing Faster Than U.S. Over Past Year March 26, 2015

The U.S. Bureau of Economic Analysis has published its estimates of state personal income through the fourth quarter of 2014.


Personal Income Definitions March 26, 2015

This post provides background information on the various data categories considered in the economic statistic known as personal income.


Personal Income Tax Much More Volatile Than Economy December 8, 2014

The state government's largest revenue source, the personal income tax, is much more volatile than "personal income," one key economic statistic that measures the overall size of the economy.