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California Economy and Taxes
 
Image - Big 3 Revenue Outlook
Image - California's Tax System: A Visual Guide
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December 2020 State Tax Collections January 20, 2021

December revenue collections from the state’s three largest taxes were ahead of Governor’s Budget projections by $3.0 billion (21 percent).

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Income Tax Withholding Tracker: December 1 - December 23 December 23, 2020

California income tax withholding in December to date is up 19 percent from 2019, and collections since March 23 are up 5 percent.

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November 2020 State Tax Collections December 16, 2020

November revenue collections from the state’s three largest taxes were ahead of budget projections by $2.4 billion (33 percent).  

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Cannabis Tax Revenue Update November 30, 2020

Preliminary summer data and revised spring data show very strong growth in cannabis tax revenue.

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Income Tax Withholding Tracker: November 16 - November 20 November 20, 2020

Income tax withholding this week kept pace with the same week in 2019, and collections since late March are 3.5 percent above 2019.

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Income Tax Withholding Tracker: November 9 - November 13 November 13, 2020

Income tax withholding again ran ahead of last year's pace, and is up 3.6 percent from last year since late March.

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October 2020 State Tax Collections November 13, 2020

October revenue collections from the state’s three largest taxes were ahead of budget projections by $2.8 billion (40 percent).  

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Income Tax Withholding Tracker: November 2 - November 6 November 6, 2020

Withholding this week was up 6 percent from the same week last year, pushing the cumulative gain since late March to 3.5 percent.

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Income Tax Withholding Tracker: October 26 - October 30 November 2, 2020

Income tax withholding kept pace with the same week in 2019, and collections since March are up 3.4 percent from 2019.

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Income Tax Withholding Tracker: October 19 - October 23 October 23, 2020

We examine whether economic effects of COVID-19 can be observed in weekly withholding data.

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September 2020 State Tax Collections October 19, 2020

September collections from the state’s three largest taxes were ahead of budget projections by $4 billion (42 percent). 

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Income Tax Withholding Tracker: October 12 - October 16 October 16, 2020

We examine whether economic effects of COVID-19 can be observed in weekly withholding data.

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Income Tax Withholding Tracker: October 5 - October 9 October 9, 2020

We examine whether economic effects of COVID-19 can be observed in weekly withholding data.

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Income Tax Withholding Tracker: September 28 - October 2 October 2, 2020

We examine whether economic effects of COVID-19 can be observed in weekly withholding data.

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Income Tax Withholding Tracker: September 21 - September 25 September 25, 2020

We examine whether economic effects of COVID-19 can be observed in weekly withholding data.