U.S. Retail Sales: April 2020 [EconTax Blog]

May 18, 2020 - To put these changes in context, the figure below displays the last 13 years of monthly retail sales. The one-month and twelve-month changes in April were the biggest since the federal government started publishing these data in 1992.
https://lao.ca.gov/LAOEconTax/Article/Detail/466

Income Tax Withholding Tracker: May 11-May 15 [EconTax Blog]

May 18, 2020 - The second graph compares the year-over-year percent change in withholding (withholding this week relative to the same week in 2019) to the weekly changes observed in March, April, and May of 2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/465

The 2020-21 Budget: Initial Comments on the Governor’s May Revision

May 17, 2020 - (When the state defers payments to schools from one fiscal year to the next, the state can reduce spending while allowing school districts to continue operating a larger program by borrowing or using cash reserves.)
https://lao.ca.gov/Publications/Report/4232

COVID-19: Federal and State Actions Affecting K-12 Education and Child Care [Publication Details]

May 14, 2020 - In this post, we discuss actions the federal and state governments have taken to assist K-12 schools and child care providers in responding to coronavirus disease 2019 (COVID-19).
https://lao.ca.gov/Publications/Detail/4231

COVID-19: Federal and State Actions Affecting K-12 Education and Child Care

May 14, 2020 - The CARES Act provides $25  million for the Distance Learning and Telemedicine Program administered by the USDA. Rural school districts and higher education institutions are eligible for funding to help improve distance learning and broadband connections in their area.
https://lao.ca.gov/Publications/Report/4231

Overview of Federal COVID-19 Research Funding

May 13, 2020 - According to the Internal Revenue Service, in tax year 2014, the most recent year with publicly available data, corporations claimed a total of $12.6  billion in federal tax credits for their R &D activities.)
https://lao.ca.gov/Publications/Report/4230

Comparing Early Education Funding Under Governor's Budget and May Revision [EdBudget]

May 11, 2020 - Comparing Early Education Funding Under Governor's Budget and May Revision [EdBudget] a Does not include $9.2 million provided to community colleges for certain child care services. b General Child Care funding for State Preschool wraparound care shown in State Preschool--full day. c Program total does not include $205 million in the 2018-19 budget that will be spent over a
https://lao.ca.gov/Education/EdBudget/Details/251

Income Tax Withholding Tracker: May 4-May 8 [EconTax Blog]

May 8, 2020 - The second graph compares the year-over-year percent change in withholding (withholding this week relative to the same week in 2019) to weekly declines experienced in March , April, and May of 2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/463

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Historically, the state has provided the minimum level of funding for schools and community colleges, even when those levels result in year ‑over ‑year reductions. This approach, however, would involve extraordinary reductions in overall education funding.
https://lao.ca.gov/Publications/Report/4228

State Corrections: Response to COVID-19

May 8, 2020 - U nder this guidance, inmates with influenza-like symptoms are to be tested to determine if they have influenza or COVID-19 —with priority given to symptomatic inmates who are 60 years old or older, have chronic medical conditions, or are immunocompromised.
https://lao.ca.gov/Publications/Report/4229