Enrollment by Higher Education Segment [EdBudget]

Aug 24, 2021 - CCC assumes 1 FTE student represents 525 contact hours per year, which on average generates about 24 credits. For undergraduate education, CSU and UC assume 1 FTE student represents 30 credit units. For graduate education, CSU, UC, and Hastings assume 1 FTE student represents 24 credit units.
https://lao.ca.gov/Education/EdBudget/Details/519

The 2021-22 Budget: California Spending Plan Series [Publication Details]

Aug 24, 2021 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2021-22 budget package. As more of these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4464

Cannabis Tax Revenue Update [EconTax Blog]

Aug 23, 2021 - The administration currently estimates that retail excise tax revenue was $172 million and cultivation tax revenue was $40 million in the fourth quarter of fiscal year 2020-21 (April through June). (The overall total is slightly higher due to rounding.)
https://lao.ca.gov/LAOEconTax/Article/Detail/687

July 2021 Jobs Report [EconTax Blog]

Aug 20, 2021 - The local government sector also had a big jump in seasonally adjusted jobs, as most schools went into the month with low staffing levels and as such had many fewer layoffs than usual for July.  
https://lao.ca.gov/LAOEconTax/Article/Detail/686

How Long Do Firms Take from Founding to IPO? [EconTax Blog]

Aug 18, 2021 - Here ‘0 ’ means 0-1 years, ‘1 ’ means 1-2 years, etc. The 478 companies that went public from 2010 to 2016 show a very wide age distribution, as every one-year age bracket up to 13 years had at least 18 IPOs.
https://lao.ca.gov/LAOEconTax/Article/Detail/685

California New Business Creation: July 2021 [EconTax Blog]

Aug 9, 2021 - The standard pattern within a year is for a surge of new business formation at the beginning, then gradual declines as the year goes on. This pattern was upended in 2020: the pandemic caused a big drop in the spring, followed by a surge as the economy began to recover.
https://lao.ca.gov/LAOEconTax/Article/Detail/683

Federal Relief Funding for Higher Education [EdBudget]

Aug 6, 2021 - CSAC received funds for providing education and training grants to displaced workers, and SIB received funds to open college savings accounts for low-income public school children. CARES discretionary funds must be spent on costs incurred by December 31, 2021, while ARP discretionary funds must be spent on costs incurred by December 31, 2024.
https://lao.ca.gov/Education/EdBudget/Details/522

Financial Aid Award Amounts [EdBudget]

Aug 6, 2021 - The UC and CSU summer financial aid award amounts are calculated for a student enrolled in 15 units on a semester calendar. Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit (CATC).
https://lao.ca.gov/Education/EdBudget/Details/540

Financial Aid Award Coverage [EdBudget]

Aug 6, 2021 - Available for up to two calendar years. UC Grant Provides tuition and nontuition coverage for UC students. Aid is applied after Cal Grants. Available for up to six years of full-time study (or its equivalent).
https://lao.ca.gov/Education/EdBudget/Details/539

Building Permits Update: June 2021 [EconTax Blog]

Aug 5, 2021 - June is frequently a big month for multifamily, but that was not the case this year. Los Angeles County permitted the most units as usual, followed distantly by San Diego County. Nonresidential construction permit remains historically weak.
https://lao.ca.gov/LAOEconTax/Article/Detail/682