Translate
California Economy and Taxes
 
Image - Big 3 Revenue Outlook
Image - California's Tax System: A Visual Guide
Image - Economic Indicators
Thumbnail for August 2021 Cap-and-Trade Auction Update

August 2021 Cap-and-Trade Auction Update August 26, 2021

August 2021 auction generates over $1.1 billion in state revenue.

Thumbnail for Cannabis Tax Revenue Update

Cannabis Tax Revenue Update August 23, 2021

Preliminary tally of 2020-21 cannabis tax revenue: $817 million.

Thumbnail for Income Tax Withholding Tracker: July 1 - July 23

Income Tax Withholding Tracker: July 1 - July 23 July 23, 2021

Income tax withholding from July 1 to July 23 was 17.8 percent above the same dates in 2020.

Thumbnail for Income Tax Withholding Tracker: June 1-June 25

Income Tax Withholding Tracker: June 1-June 25 June 25, 2021

California income tax withholding continues to surge, as June collections to date are nearly 25 percent above last June.

Thumbnail for Examining California's Income Tax Withholding Growth by Sector

Examining California's Income Tax Withholding Growth by Sector June 9, 2021

The state's surprisingly strong growth in income tax withholding has been led by high-tech sectors, but many other sectors are showing big gains as well.

Thumbnail for Cannabis Tax Revenue Update

Cannabis Tax Revenue Update June 2, 2021

The administration currently estimates that retail excise tax revenue was $132 million and cultivation tax revenue was $31 million in the third quarter of fiscal year 2020-21 (January through March).

Thumbnail for Income Tax Withholding Tracker: May 1 - May 28

Income Tax Withholding Tracker: May 1 - May 28 May 28, 2021

California income tax withholding in May was 29.4 percent above last May, when serious pandemic restrictions were in effect.

Thumbnail for May 2021 Cap-and-Trade Auction Update

May 2021 Cap-and-Trade Auction Update May 28, 2021

Preliminary results from the most recent quarterly cap-and-trade auction held on May 19, 2021 show the state receiving an estimated $916 million in revenue. 

Thumbnail for March 2021 State Tax Collections

March 2021 State Tax Collections April 28, 2021

March collections from the state’s three largest taxes—the personal income tax, corporation tax, and sales tax—exceeded projections by $2.5 billion (30 percent).

Thumbnail for Income Tax Withholding Tracker: April 1 - April 26

Income Tax Withholding Tracker: April 1 - April 26 April 26, 2021

California income tax withholding collections to date in April are up 30.3 percent over April 2020, and collections to date in fiscal year 2020-21 are up 11.9 percent over 2019-20. 
 

Thumbnail for Income Tax Withholding Tracker: March 1 - March 29

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.

Thumbnail for February 2021 State Tax Collections

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).

Thumbnail for Income Tax Withholding Tracker: February 1 - February 19

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.

Thumbnail for January 2021 State Tax Collections

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.

Thumbnail for Income Tax Withholding Tracker: January 1 - January 25

Income Tax Withholding Tracker: January 1 - January 25 January 26, 2021

California withholding collections through January 25 were up 7 percent from the comparable days in 2020, and withholding since March 23 is up 6.1 percent.