The 2020-21 Budget: California Spending Plan Series [Publication Details]

Oct 5, 2020 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2020-21 budget package. As more of these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4330

The 2020-21 Spending Plan: Resources and Environmental Protection

Oct 5, 2020 - The budget plan provides $7.2  million from the Oil Gas Geothermal Administrative Fund in 2020 ‑21 ($4.8  million ongoing) and authority for 25 positions to strengthen oversight and enforcement of oil and gas operators.
https://lao.ca.gov/Publications/Report/4275

Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog]

Oct 2, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/556

Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog]

Sep 25, 2020 - Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog] Income Tax Withholding Tracker: September 21 - September 25 September 25, 2020 Brian Uhler Bottom Line:   California income tax withholding surged this week, as collections were 40 percent above the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/554

Weekly Unemployment Claims Update: September 13 - September 19 [EconTax Blog]

Sep 25, 2020 - Weekly Unemployment Claims Update: September 13 - September 19 [EconTax Blog] Weekly Unemployment Claims Update: September 13 - September 19 September 25, 2020 Chas Alamo As a result of the COVID-19 pandemic, California has experienced an unprecedented rise in unemployment.
https://lao.ca.gov/LAOEconTax/Article/Detail/553

Home Prices Update: August 2020 [EconTax Blog]

Sep 23, 2020 - The average interest rate on 30-year fixed rate mortgages fell from 3.62 percent in August 2019 to 2.94 percent in August 2020. This made monthly mortgage payments more affordable (all else equal) and prob ably contributed to the price increases.
https://lao.ca.gov/LAOEconTax/Article/Detail/551

Home Sales Update: August 2020 [EconTax Blog]

Sep 23, 2020 - The dip in the most recent week likely reflects the timing of Labor Day this year, as sales volume over the past two weeks combined ran well ahead of the same weeks in 2019.  
https://lao.ca.gov/LAOEconTax/Article/Detail/550

Major Potential State Fiscal Risk Averted Following Withdrawal of Proposed Federal Medicaid Financing Regulation

Sep 21, 2020 - Rather than materializing immediately, the fiscal impact of MFAR on Medi-Cal likely would have fully materialized over the course of several years since the regulation gave states time to come into compliance with the rule changes.
https://lao.ca.gov/Publications/Report/4269

Income Tax Withholding Tracker: September 14 - September 18 [EconTax Blog]

Sep 18, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/548

Impact of COVID-19 on State Transportation Revenues

Sep 17, 2020 - Funding for STIP comes from a specified portion of the gasoline excise tax, with 75  percent allocated to counties on a formula basis for projects they select and 25  percent to Caltrans for interregional projects.
https://lao.ca.gov/Publications/Report/4268?utm_source=t.co&utm_medium=referral&utm_campaign=4268