California Economy and Taxes
 
Image - Building Reserves to Prepare for a Recession
Image - California's Tax System: A Visual Guide
Image - Economic Indicators
Thumbnail for California New Business Creation: February 2021

California New Business Creation: February 2021 March 4, 2021

The pace of California business formation in February slowed from January, but remained ahead of last February.

Thumbnail for Home Prices Update: January 2021

Home Prices Update: January 2021 February 23, 2021

California home prices continue to soar, and are now more than 10 percent above the level of 12 months ago.

Thumbnail for Home Sales Update: January 2021

Home Sales Update: January 2021 February 23, 2021

California homes continued to sell at a brisk pace in January.

Thumbnail for Income Tax Withholding Tracker: February 1 - February 19

Income Tax Withholding Tracker: February 1 - February 19 February 19, 2021

California income tax collections this month to date are 7.8 percent above last February, and cumulative collections since late March are up 6.4 percent over the same period in 2019-20.

Thumbnail for 4th Quarter 2020 Venture Capital Funding Report

4th Quarter 2020 Venture Capital Funding Report February 18, 2021

California firms continued to attract VC funding at a strong pace, with $17.4 billion of new commitments in the 4th quarter of 2020.

Thumbnail for Why is Venture Capital Funding a Useful Economic Indicator?

Why is Venture Capital Funding a Useful Economic Indicator? February 18, 2021

Venture capital is a key funding source for high technology startups and other young firms.

Thumbnail for U.S. Retail Sales Update: January 2021

U.S. Retail Sales Update: January 2021 February 17, 2021

U.S. retail sales grew 5.3% from December to January (seasonally adjusted)—the 4th-largest monthly increase since 1992.

Thumbnail for Card Spending Update: January 2021

Card Spending Update: January 2021 February 12, 2021

Credit/debit card data suggest CA taxable sales grew by 2% in January but the spending response to recent federal stimulus payments seemed to be weaker in CA than elsewhere. 

Thumbnail for California New Business Creation: January 2021

California New Business Creation: January 2021 February 4, 2021

California new business creation in January was up more than 50 percent over the same month in 2020.

Thumbnail for 3rd Quarter 2020 Personal Income Report

3rd Quarter 2020 Personal Income Report February 4, 2021

California personal income stayed flat in the third quarter as transfer payments fell, although wages and salaries were up over 2019.

Thumbnail for Snapshot of the California Economy: December 2020

Snapshot of the California Economy: December 2020 February 4, 2021

December data was emblematic of the state’s uneven economic recovery from the pandemic.

Thumbnail for Building Permits Update: December 2020

Building Permits Update: December 2020 February 4, 2021

California recorded 11,611 housing permits in December, by far the biggest monthly total in 2020.

Thumbnail for Home Prices Update: December 2020

Home Prices Update: December 2020 February 1, 2021

California home price growth continues to outpace national growth, and is now up nearly 10 percent over the past 12 months.

Thumbnail for Home Sales Update: December 2020

Home Sales Update: December 2020 January 29, 2021

California home sales remained very strong for the fourth straight month.

Thumbnail for December 2020 Jobs Report

December 2020 Jobs Report January 28, 2021

California lost 52,200 net jobs in December, as the pandemic surge slowed the leisure and hospitality sector.