We discuss the April 2016 monthly jobs report from the Employment Development Department and the U.S. Bureau of Labor Statistics.
We discuss our estimates of local property taxes, which affect the state's school funding requirements, as well as the administration's property tax estimates.
We display the administration's Proposition 30 revenue estimates, as of the 2016 May Revision, as well as our office's estimates.
This post compares the administration's multi-year forecast revenue estimates with those generated under the LAO May 2016 economic growth scenario through 2019-20. (This does not reflect required transfers to the Budget Stabilization Account under Proposition 2 under the LAO figures, as those estimates are still under development.)
This post discusses the near-term state General Fund revenue outlooks of both the administration and our office.
We discuss the state's economic outlook, including the administration's assessment of the near-term economic outlook in the Governor's May Revision to his 2016-17 budget proposal.
We discuss the ways that economic assumptions affect state budget analyses and how policy makers and others should consider these assumptions.
We have now received preliminary data from all the tax agencies concerning April 2016 collections of the personal income tax, the sales and use tax, and the corporation tax. These are the state General Fund's "Big Three" revenue sources.
Updated daily during April, this is our annual tracker page for California's personal income tax collections.
The U.S. Bureau of Labor Statistics has released updated data for states' "U-6" measures (broad measures of the unemployed, underemployed, and those who are not looking but who want a job) through the first quarter of 2016.
To help enhance readers' understanding of how to track April California income tax collections, we offer some data concerning the recent history of the month's tax collections at the California Franchise Tax Board.
We discuss the March 2016 jobs report, released by the California Employment Development Department and the U.S. Bureau of Labor Statistics.
We have received preliminary information from the state's tax agencies on February 2016 collections of the California's "Big Three" state General Fund taxes.
In the mid-1990s, the state allowed Santa Cruz County enterprise districts' property tax revenue to be redirected to a supplemental fund supporting county libraries.
We were asked to provide an overview of state homelessness programs at a hearing of the Senate Committee on Budget and Fiscal Review.