Income Tax Withholding Tracker: March 1 - March 29 March 30, 2021

California income tax withholding collections to date in March are up 20.3 percent over last year, and collections to date in fiscal year 2020-21 are up 11.0 percent over 2019-20.


February 2021 State Tax Collections March 22, 2021

February gross revenue collections from the state’s three largest taxes were ahead of budget projections by $1.6 billion (14 percent).


U.S. Retail Sales Update: February 2021 March 16, 2021

 Despite a decline of 3 percent from January, February retail sales were 6.5 percent above February 2020. 


Building Permits Update: January 2021 March 11, 2021

California builders recorded 9,288 housing permits in January, slightly above January 2020.


California New Business Creation: February 2021 March 4, 2021

The pace of California business formation in February slowed from January, but remained ahead of last February.


Cannabis Tax Revenue Update February 26, 2021

Cannabis taxes raised $155 million in the second quarter of 2020-21. 


February 2021 Cap-and-Trade Auction Update February 25, 2021

February 2021 auction generates $647 Million in state revenue.


Home Prices Update: January 2021 February 23, 2021

California home prices continue to soar, and are now more than 10 percent above the level of 12 months ago.


Home Sales Update: January 2021 February 23, 2021

California homes continued to sell at a brisk pace in January.


Income Tax Withholding Tracker: February 1 - February 19 February 19, 2021

California income tax collections this month to date are 7.8 percent above last February, and cumulative collections since late March are up 6.4 percent over the same period in 2019-20.


4th Quarter 2020 Venture Capital Funding Report February 18, 2021

California firms continued to attract VC funding at a strong pace, with $17.4 billion of new commitments in the 4th quarter of 2020.


Why is Venture Capital Funding a Useful Economic Indicator? February 18, 2021

Venture capital is a key funding source for high technology startups and other young firms.


U.S. Retail Sales Update: January 2021 February 17, 2021

U.S. retail sales grew 5.3% from December to January (seasonally adjusted)—the 4th-largest monthly increase since 1992.


Card Spending Update: January 2021 February 12, 2021

Credit/debit card data suggest CA taxable sales grew by 2% in January but the spending response to recent federal stimulus payments seemed to be weaker in CA than elsewhere. 


January 2021 State Tax Collections February 12, 2021

Revenue collections through January have been well ahead of projections in the recently released 2021-22 Governor’s Budget. After accounting for changes in constitutionally-required spending, we estimate that these higher-than-expected collections represent a roughly $4 billion increase in discretionary state funding relative to the Governor’s Budget.