California Economy and Taxes
 



November 2015 Revenues: Sales Taxes Fall Short December 10, 2015

Preliminary tax agency data on November 2015 revenue collections has been received.


Fiscal Outlook: Proposition 30 Sales Taxes Expire At End of 2016 November 18, 2015

The expiration of the Proposition 30 sales tax increase affects the sales tax projections in our new Fiscal Outlook publication.


LAO Fiscal Outlook: Updated Proposition 30 Estimates November 18, 2015

In conjunction with the November 2015 edition of our Fiscal Outlook, we update our estimates for the revenue effects of Proposition 30 (2012).


Oct. 2015 Income, Sales Taxes Above Projections November 9, 2015

Preliminary data has been released by the state's tax agencies concerning October 2015 state revenue collections.


September 2015 Income Taxes: Above Governor's Projections October 15, 2015

Personal income tax collections in September were hundreds of millions above the Governor's projections for the month.


Equipment Sales Tax Exemption Falls Short of Projection August 25, 2015

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.


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.


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.


May Revision: Proposition 30 Estimates, Accrual Uncertainties May 18, 2015

We discuss the May Revision estimates for Proposition 30 revenues.


May Revision: LAO Revenue Outlook May 16, 2015

Our office's May Revision revenue outlook anticipates billions of dollars of additional revenues in 2015-16, compared to the administration's updated projections.


California Sales Tax Rates Vary by City and County May 7, 2015

In this post, we present a map illustrating the variation in sales tax rates in two of California's major population centers.


New York City's Sales Tax on Services May 7, 2015

As described in our recent report, Understanding California’s Sales Tax, New York City levies a sales tax on personal services. This note provides additional information about the services that are subject to this tax.


California's Sales Tax Rate Has Grown Over Time May 5, 2015

As described in our report, Understanding California's Sales Tax, California's sales tax rate has more than doubled since 1962.


3/2015: Revenues $1.3 Billion Above Fiscal Year Projection April 15, 2015

This note provides information on March 2015 state tax collections.


February 2015 Income Taxes Far Above Forecast March 17, 2015

This post discusses February 2015 personal income, sales, and corporate income tax collections (the General Fund's "Big Three" tax sources).