California Economy and Taxes
 


June 2017 State Tax Collections July 3, 2017

We have begun to receive preliminary data on state tax collections during June, a major state tax collection month.


Recent Trends in Housing Affordability June 22, 2017

We look at recent trends in housing affordability in some of California's largest metropolitan regions.


How Will Aging Baby Boomers Affect Future Property Tax Revenues? June 20, 2017

A coming surge in home sales by aging homeowners should boost local government property tax collections. These gains, however, are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.


May 2017 State Tax Collections June 9, 2017

We have received preliminary information from the state's tax agencies on California's May 2017 major state tax collections.


April 2017 State Jobs Report May 31, 2017

Federal and state labor agencies released California's April 2017 state jobs report on May 19. Additional information on metropolitan area jobs was released by the federal government on May 31.


May 2017 Cap-and-Trade Auction Results May 24, 2017

The Air Resources Board released a summary of the results of the May 2017 cap-and-trade auction.


2017 May Revision: Background on Revenue Issues May 24, 2017

We provide additional detail on several key revenue issues in the May Revision, including administration estimates of capital gains and Proposition 30 revenues.


2017 May Revision: LAO Revenue Outlook May 12, 2017

We discuss our updated state revenue outlook, released as part of our response to the Governor's 2017 May Revision.


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.


April 2017 State Tax Collections May 8, 2017

We tracked personal income tax (PIT) collections of California's tax agencies throughout April, a key month for receipts of the state government's largest revenue source. This post also includes prelimimary tax agency reports on April's corporation and sales tax collections.


March 2017 State Tax Collections April 11, 2017

Based on preliminary tax agency data, March 2017 income tax collection trends were quite positive.


February 2017 State Tax Collections March 9, 2017

We now have some preliminary February 2017 state tax collection data from California's tax agencies.


January 2017 State Jobs Report March 9, 2017

We examine the January 2017 California state jobs report, released by the Employment Development Department on March 3, 2017.


Sales Tax Exemption for Manufacturing and R&D Equipment: An Update March 3, 2017

On March 1, 2017, BOE reported that taxpayers claimed an estimated $165 million of these tax exemptions in 2016—a 6% increase from 2015.


Recap: December 2016 State Jobs Report March 3, 2017

We recap the key data from the December 2016 California jobs report, which was released on January 20, 2017.