November 2020 Cap-and-Trade Auction Update December 4, 2020

We discuss the results of the November 2020 cap-and-trade auction.

Cannabis Tax Revenue Update November 30, 2020

Preliminary summer data and revised spring data show very strong growth in cannabis tax revenue.

Home Sales Update: October 2020 November 24, 2020

California home sales have rebounded strongly from spring slump.

October 2020 Jobs Report November 21, 2020

California recovered 145,000 jobs in October.

Income Tax Withholding Tracker: November 16 - November 20 November 20, 2020

Income tax withholding this week kept pace with the same week in 2019, and collections since late March are 3.5 percent above 2019.

2021-22 Fiscal Outlook Economic Assumptions November 18, 2020

We discuss the economic assumptions underlying the main forecat in our 2021-22 Fiscal Outlook.

2021-22 Fiscal Outlook Revenue Estimates November 18, 2020

We discuss the main revenue forecast in our 2021-21 Fiscal Outlook. 

U.S. Retail Sales Update: October 2020 November 17, 2020

U.S. retail sales grew modestly in October. Total sales January-October 2020 were just 0.1% below January-October 2019.

Income Tax Withholding Tracker: November 9 - November 13 November 13, 2020

Income tax withholding again ran ahead of last year's pace, and is up 3.6 percent from last year since late March.

October 2020 State Tax Collections November 13, 2020

October revenue collections from the state’s three largest taxes were ahead of budget projections by $2.8 billion (40 percent).  

Card Spending Update: October 2020 November 12, 2020

Credit/debit card data suggest CA taxable sales continued to grow in October but still remained slightly below January.

Income Tax Withholding Tracker: November 2 - November 6 November 6, 2020

Withholding this week was up 6 percent from the same week last year, pushing the cumulative gain since late March to 3.5 percent.

California New Business Creation: October 2020 November 6, 2020

Creation of new businesses in California remained very strong in October. 

Building Permits Update: September 2020 November 3, 2020

California records nearly 10,000 housing permits in September, the highest monthly total to date this year.

Home Prices Update: September 2020 November 2, 2020

California home prices are on the rise despite the pandemic.