California Economy and Taxes
 


Los Angeles Consumer Prices Up Notably in July August 19, 2015

A spike in gas prices contributed to Los Angeles-area consumer prices rising substantially faster than the nation as a whole in July, according to new federal data.


Revenue Tracking: July 2015 General Fund Collections August 18, 2015

Updated information about July 2015 major tax collections in California's General Fund has been released.


Generational Differences in Homeownership and Housing Costs August 17, 2015

We discuss one of the likely consequences of rising California housing costs: intergenerational differences in homeownership and housing costs.


June 2015 State Jobs Data July 23, 2015

California's Employment Development Department has released June 2015 state and metropolitan area job data.


2014-15 Agency Cash: Revenue Collections $732 Million Above Projection July 14, 2015

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.


2014-15 Agency Cash: Big Three Taxes $655 Million Above Projection July 14, 2015

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.


Special Session: Response to Assembly Hearing Questions July 14, 2015

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.


May 2015 State and Metro Job Data July 1, 2015

The U.S. Bureau of Labor Statistics and California's Employment Development Department have released May 2015 state and metropolitan area job data.


2014 GDP: California Ranks 7th or 8th in the World July 1, 2015

Preliminary data on California's gross domestic product shows that the state's economy again was the seventh or eighth-biggest in the world in 2014. This ranking varies depending on the data source used.


2014 GDP Growth: California Outperforms Nation June 26, 2015

2014 California GDP growth outpaced the nation's in most economic sectors.

 


Port Issues, Strong Dollar Curbed Exports in Early 2015 June 10, 2015

This note discusses recent international trade statistics for California and the likely negative effect of the strong U.S. dollar and seaport congestion on California exports.


Cap-and-Trade May Auction Results May 28, 2015

The California Air Resources Board released summary results for the cap-and-trade auction conducted on May 21, 2015.


April 2015 EDD Jobs Report May 26, 2015

The Employment Development Department released its preliminary California jobs report for April 2015 on Friday, May 22.


May Revision: 2014 Personal Income Tax Numbers May 26, 2015

We discuss 2014 personal income tax data from both our May Revision revenue estimates and those of the administration.


May Revision: Cap-and-Trade Revenue May 18, 2015

The Governor's May Revision to his 2015-16 budget proposal increases estimates of cap-and-trade auction revenue.