Budget Pays Down School and Community College Deferrals [EdBudget]

Jul 21, 2021 - Budget Pays Down School and Community College Deferrals [EdBudget] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Education/EdBudget/Details/518

Proposition 98 Key Inputs and Outcomes Under 2021-22 Budget Package [EdBudget]

Jul 21, 2021 - a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. b For calculating the guarantee, Chapter 24 of 2020 (SB 98, Committee on Budget and Fiscal Review) deems the change in attendance in 2020‑21 to be the same as the change in 2019‑20. c Reflects change in per capita income during the previous fiscal year. d Reflects change in per capita General Fund plus 0.5 percent. 
https://lao.ca.gov/Education/EdBudget/Details/517

California New Business Creation: June 2021 [EconTax Blog]

Jul 12, 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/676

Net Taxpayer Outmigration Increased During 2017-2019 [EconTax Blog]

Jul 6, 2021 - The right column shows migration as a share of the previous year ’s filers, with the darkest shade of green indicating a net inflow of more than 1 percent of the previous year ’s population, and the darkest shade of red indicating a net outflow of more than 0.75 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/675

Building Permits Update: May 2021 [EconTax Blog]

Jul 5, 2021 - Total permits in 2021 year to date are 33 percent above the same months in 2020. May ’s total of 5,295 single family permits was barely above the recent average for the month, in contrast to the first four months of the year which all saw permit activity well above their recent averages.
https://lao.ca.gov/LAOEconTax/Article/Detail/673

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2020. Number of Patients Served. In 2020, licensees identified 13, 278 t ransactions as medicinal donations.
https://lao.ca.gov/Publications/Report/4447

Income Tax Withholding Tracker: June 1-June 25 [EconTax Blog]

Jun 25, 2021 - The first graph shows that withholding payments through 19 collection days  (25 calendar days)  in June 2021 are up 24.8 percent from the first 19 collection days in June 2020, when the state economy was still reeling from the early stage of the COVID-19 pandemic.
https://lao.ca.gov/LAOEconTax/Article/Detail/670

The 2021-22 Budget: Labor Agreements Ending Personal Leave Program 2020

Jun 25, 2021 - Pursuant to the agreement, between 2021 ‑22 and 2024 ‑25, the amount contributed by employees would increase and the amount contributed by the state would decrease such that employees and the state each contribute 3.4  percent of pay beginning in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4446

Home Prices Update: May 2021 [EconTax Blog]

Jun 24, 2021 - In the longer term, chronically high housing costs have hurt the state ’s business climate and been a key reason California loses residents to other states on net in most years. May 2021 data show rapidly accelerating home price growth in both California and the rest of the country over the past year: the typical home in California has appreciated 15.4 percent since May 2020, somewhat above the national figure of 13.2 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/668

May 2021 Jobs Report [EconTax Blog]

Jun 18, 2021 - The next graph isolates aggregate employment in the other sectors and shows that California has gradually been closing the gap this year. The next figure summarizes nonfarm employment by sector based on the monthly survey of employers.
https://lao.ca.gov/LAOEconTax/Article/Detail/667