We answer some questions we receive about California's budget and the stock market downturn of recent days.
The Philadelphia Fed's July 2015 "coincident indices," a single economic measure considering various data, ranks California's economic performance over the past year as the 11th strongest among the 50 states.
We discuss new data on forgone state General Fund revenue resulting from the partial sales tax exemption on certain sales of manufacturing and R&D equipment.
We look at the July 2015 Employment Development Department regional jobs data to see which job sectors are performing well and which are weak in several areas of California.
We examine more closely some of the Employment Development Department data on July 2015 California unemployment trends.
We discuss one of the likely consequences of rising California housing costs: intergenerational differences in homeownership and housing costs.
In total, 2014-15 General Fund agency cash revenue collections exceeded the Governor's estimate, as incorporated in the 2015-16 budget plan he signed into law last month, by $732 million.
Collections of the state's three major General Fund taxes combined for 2014-15 were over $650 million above the Governor's projections as incorporated into the budget act signed on June 24.
At a meeting of the special session Assembly committee considering Medi-Cal and developmental services funding, we were asked several questions concerning some state tax increase options.