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.
Income Tax Withholding Tracker: October 26 - October 30 November 2, 2020
Income tax withholding kept pace with the same week in 2019, and collections since March are up 3.4 percent from 2019.
2nd Quarter 2020 Personal Income Report October 23, 2020
California personal income surged in the 2nd quarter due to transfer payments, but other income categories dropped sharply.
Income Tax Withholding Tracker: October 19 - October 23 October 23, 2020
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.