August 2020 Cap-and-Trade Auction Update [EconTax Blog]

Aug 25, 2020 - While the enacted 2020-21 budget package does not include a detailed discretionary expenditure plan, it does appropriate $134 million to support state departments ’ administration of programs allocated GGRF in prior years. 2020-21 Auction Revenue Subject to Substantial Uncertainty.
https://lao.ca.gov/LAOEconTax/Article/Detail/532

Contributions to CalSTRS [EdBudget]

Aug 24, 2020 - Final rates and amounts for those years will vary based on actual actuarial experience (including actuarial losses in 2019-20) and other factors. Amounts may not add to total due to rounding. a Reflects effective rates for school districts and community college districts.
https://lao.ca.gov/Education/EdBudget/Details/438

Districts' Pension Contribution Rates and Amounts [EdBudget]

Aug 24, 2020 - Excludes contributions for classified employees not covered by the CalPERS School Pool. Excludes payments made by the state on behalf of employers. Share of contributions from schools and community colleges for 2019-20 are estimates from CalPERS.
https://lao.ca.gov/Education/EdBudget/Details/439

Changes to Districts' Contribution Rates [EdBudget]

Aug 24, 2020 - Final rates for those years will vary based on actual actuarial experience (including actuarial losses in 2019-20) and other factors. CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees' Retirement System.
https://lao.ca.gov/Education/EdBudget/Details/437

State Payments Provided on Behalf of School and Community College Districts [EdBudget]

Aug 24, 2020 - State Payments Provided on Behalf of School and Community College Districts [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/436

Snapshot of the California Economy: July 2020 [EconTax Blog]

Aug 21, 2020 - Similarly, after a slowdown in the spring, new business formations were about 25 percent above the historical norm in July. Finally, consumer spending   (as measured by credit and debit card transactions) increased over 20 percent between April and July.  
https://lao.ca.gov/LAOEconTax/Article/Detail/529

Income Tax Withholding Tracker: August 17 - August 21 [EconTax Blog]

Aug 21, 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/527

Weekly Unemployment Claims Update: August 9 - August 15 [EconTax Blog]

Aug 21, 2020 - As of August 15, California had 3.5 million employees receiving traditional unemployment benefits, reaching a new peak since EDD began releasing this information earlier in the year. After accounting for self-employement claims, discussed below, the total number of workers receiving unemployment benefits in the state reached a new peak of 4.8 million last week.
https://lao.ca.gov/LAOEconTax/Article/Detail/526

State Tax Collections Update: April 2020 to July 2020 [EconTax Blog]

Aug 20, 2020 - Timing of Tax Payments Irregular This Year. Delays in several important tax payment deadlines this year mean the timing of tax payments in recent months has not matched typical patterns. This complicates the interpretation of tax collections numbers, especially for any single month.
https://lao.ca.gov/LAOEconTax/Article/Detail/525

Cannabis Tax Revenue Update [EconTax Blog]

Aug 19, 2020 - In the third quarter of 2019-20 (January through March), retail excise tax revenue increased by 25 percent and cultivation tax revenue increased by 11 percent. Why Such Strong Growth in the Prior Quarter?
https://lao.ca.gov/LAOEconTax/Article/Detail/524