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

U.S. Retail Sales Update: August 2020 [EconTax Blog]

Sep 16, 2020 - August 2020 sales by some types of retailers substantially exceeded last year ’s sales, while sales by other types of retailers fell far short of last year ’s sales. Many of these differences were similar to the ones we noted in June and July .
https://lao.ca.gov/LAOEconTax/Article/Detail/545

Income Tax Withholding Tracker: September 7 - September 11 [EconTax Blog]

Sep 11, 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/541

The 2020-21 Budget: Labor Agreements to Achieve Budgetary Savings

Sep 9, 2020 - The agreement suspends the $920 per year allowance that Unit 5 members receive as a uniform allowance as well as the $25 per month uniform maintenance allowance employees receive. In addition, the side letter establishes a joint labor/management committee to study, discuss, identify, and recommend an alternative uniform for highway patrol officers that does not require regular dry cleaning services.
https://lao.ca.gov/Publications/Report/4267

Income Tax Withholding Tracker: August 31 - September 4 [EconTax Blog]

Sep 4, 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/539

Statutory initiative that would establish a statewide vote to express the intent of California voters to seek independence from the United States of America. [Ballot]

Sep 4, 2020 - Calls for Voters to Respond to a Question on Independence in November 2024. This measure calls for voters to consider a question related to independence on November 5, 2024 —a date when a statewide election is scheduled to be held.
https://lao.ca.gov/BallotAnalysis/Initiative/2020-001

Building Permits Update: July 2020 [EconTax Blog]

Aug 31, 2020 - This was the largest monthly total this year, although it was only a hair above January which is typically a very weak month whereas July is typically strong. The single family permit total of 5,266 was slightly above the July 2019 and June 2020 figures, and well above the 2015-2019 average for July.
https://lao.ca.gov/LAOEconTax/Article/Detail/536

An Update on California’s Cash Management Situation

Aug 31, 2020 - Meanwhile, the state ’s 2020-21 budget package took steps to begin payment deferrals to schools at the end of 2019-20. As a result, payments to schools in June of 2020 were only $300  million, compared to $6  billion anticipated earlier this year.
https://lao.ca.gov/Publications/Report/4266

Income Tax Withholding Tracker: August 24 - August 28 [EconTax Blog]

Aug 28, 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/535

Home Prices Update: July 2020 [EconTax Blog]

Aug 25, 2020 - Home Prices Update: July 2020 [EconTax Blog] Home Prices Update: July 2020 August 25, 2020 Brian Uhler Home prices are important to the California economy for a number of reasons. In the short and medium terms, home price increases often drive construction activity, which in turn spurs employment growth in a wide range of sectors.
https://lao.ca.gov/LAOEconTax/Article/Detail/533