2021-22 Fiscal Outlook Revenue Estimates November 18, 2020

We discuss the main revenue forecast in our 2021-21 Fiscal Outlook. 


U.S. Retail Sales Update: October 2020 November 17, 2020

U.S. retail sales grew modestly in October. Total sales January-October 2020 were just 0.1% below January-October 2019.


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).  


Card Spending Update: October 2020 November 12, 2020

Credit/debit card data suggest CA taxable sales continued to grow in October but still remained slightly below January.


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). 


Card Spending Update: September 2020 October 19, 2020

Credit/debit card data suggest California taxable sales continued to grow in September but still remained somewhat below January.


California New Car Sales: August 2020 October 16, 2020

New vehicle registrations have rebounded from record lows in the spring, but remain below pre-recession levels. 


U.S. Retail Sales Update: September 2020 October 16, 2020

Strong U.S. retail sales growth continued in September. Total sales January-September 2020 were just 1% below the same period in 2019. 


August 2020 State Tax Collections September 17, 2020

August revenue collections from the state’s three largest taxes were ahead of budget projections by $1.7 billion (24 percent). 


U.S. Retail Sales Update: August 2020 September 16, 2020

U.S. retail sales rose by 0.6 percent from July to August, making sales in August 2020 2.6 percent higher than sales in August 2019.


Card Spending Update: August 2020 September 11, 2020

Credit/debit card data suggest CA taxable sales continued to grow in August but still remained below January.


State Tax Collections Update: April 2020 to July 2020 August 20, 2020

Total revenue collections for the state’s three largest taxes came in 9 percent ($4.3 billion) ahead of budget projections.


U.S. Retail Sales: July 2020 August 14, 2020

U.S. retail sales in July 2020 were 2.7% higher than in July 2019.


Using Card Spending Data to Track Taxable Sales July 31, 2020

We use data on credit card and debit card transactions in California to get a better sense of recent sales tax trends in California.


U.S. Retail Sales: June 2020 July 16, 2020

U.S. retail sales rose 8% from May to June, returning to 2019 level.