July 2020 Tax Payments Tracker: July 31 Update [EconTax Blog]

Jul 31, 2020 - As a result, tax payments made in April and June in a typical year have been spread across April to July this year. For this reason, we report on total collections across April to July instead of focusing on only July.
https://lao.ca.gov/LAOEconTax/Article/Detail/511

Weekly Unemployment Claims Update: July 19-July 25 [EconTax Blog]

Jul 31, 2020 - Weekly Unemployment Claims Update: July 19-July 25 [EconTax Blog] Weekly Unemployment Claims Update: July 19-July 25 July 31, 2020 Chas Alamo As a result of the COVID-19 pandemic, California has experienced an unprecedented rise in unemployment since the beginning of March.
https://lao.ca.gov/LAOEconTax/Article/Detail/510

Income Tax Withholding Tracker: July 27-July 31 [EconTax Blog]

Jul 31, 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/509

K-12 Funding by Source [EdBudget]

Jul 28, 2020 - Excludes additional $9.2 billion deferred from 2020-21 to 2021-22. b Consist primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 Child Care programs, and operational expenses of the California Department of Education and other state agencies.
https://lao.ca.gov/Education/EdBudget/Details/446

New Higher Education Reporting Requirements [EdBudget]

Jul 27, 2020 - TBL refers to Chapter 25 of 2020 (SB 116, Committee on Budget and Fiscal Review). UCPath = UC payroll, academic personnel, timekeeping, and human resources. BBL = budget bill language. TBL = trailer bill language.
https://lao.ca.gov/Education/EdBudget/Details/392

Enrollment by Higher Education Segment [EdBudget]

Jul 27, 2020 - Enrollment by Higher Education Segment [EdBudget] -0.5% Notes: The administration assumes 1 FTE student at CCC represents 525 contact hours per year, which on average generates about 24 instructional units.
https://lao.ca.gov/Education/EdBudget/Details/390

July 2020 Tax Payments Tracker: July 24 Update [EconTax Blog]

Jul 24, 2020 - As a result, tax payments made in April and June in a typical year have been spread across April to July this year. For this reason, we report on total collections across April to July instead of focusing on only July.
https://lao.ca.gov/LAOEconTax/Article/Detail/506

Home Sales Update: June 2020 [EconTax Blog]

Jul 24, 2020 - California home sales were running at a relatively high level earlier in the year, but have dropped sharply as a result of the COVID-19 pandemic. Sales recovered in June, but remained well below the average June count of the previous five years.
https://lao.ca.gov/LAOEconTax/Article/Detail/505

Income Tax Withholding Tracker: July 20-July 24 [EconTax Blog]

Jul 24, 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/503

Home Prices Update: June 2020 [EconTax Blog]

Jul 20, 2020 - 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. June 2020 data suggest that home price growth has slowed in California but not nationwide.
https://lao.ca.gov/LAOEconTax/Article/Detail/500