We discuss the near-term and multiyear revenue estimates in our publication, The 2018-19 Budget: California's Fiscal Outlook.
We show the key economic assumptions underlying our new Fiscal Outlook for California.
Our new Fiscal Outlook projects that school property taxes will be notably higher than assumed in the 2017-18 Budget Act.
In this post, we describe trends in industry wages in California between 1990 and 2016.
We received preliminary data on October 2017 collections of California's major state taxes.
We have received preliminary data on September 2017 collections of the state's major taxes.
We have received preliminary data from the tax agencies on August 2017 collections of the state's major tax revenues.
Nonfarm payroll jobs declined in August, as growth in the labor force contributed to a rise in the state's jobless rate.
According to the Supplemental Poverty Measure, which considers the cost of housing and other factors, California's poverty levels are much higher than in the rest of the country.
We discuss the results of the August 2017 cap-and-trade auction.
Recent budget legislation--expected to be signed soon by the Governor--expands California's EITC program.
We take a look at the initial declines in existing cigarette tax collections after imposition of the new taxes of Proposition 56.
We have begun to receive preliminary data on state tax collections during June, a major state tax collection month.
We look at recent trends in housing affordability in some of California's largest metropolitan regions.
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.