Building Permits Update: February 2021 [EconTax Blog]

Apr 7, 2021 - Single family activity has rebounded strongly since last spring ’s pandemic-driven slump, as prices have risen sharply in most of the state ’s metropolitan areas. This was the eighth straight month in which the total exceeded the recent average for the month.
https://lao.ca.gov/LAOEconTax/Article/Detail/641

Snapshot of the California Economy: February 2021 [EconTax Blog]

Apr 6, 2021 - Over the last year, the state has experienced abrupt and dramatic swings in economic activity. While a variety of data is available to track developments in the state economy, drawing clear conclusions from these disparate data points can be difficult.
https://lao.ca.gov/LAOEconTax/Article/Detail/640

February 2021 Jobs Report [EconTax Blog]

Apr 5, 2021 - The figure below shows how employment has evolved in both the state and the nation since the start of the pandemic. Overall employment in the state as of the middle of  February  was 9.4 percent below the level of February 2020, considerably worse than the national figure of 6.2 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/639

Home Prices Update: February 2021 [EconTax Blog]

Apr 5, 2021 - These are the highest 12-month growth rates in the state since 2014 and in the nation since 2006, although the gap between the state and national growth rates is the smallest since September. Low interest rates that make monthly mortgage payments more affordable (all else equal) have contributed to the price increases, and the pandemic-driven shift to remote work may also be driving home prices up.
https://lao.ca.gov/LAOEconTax/Article/Detail/637

Income Tax Withholding Tracker: March 1 - March 29 [EconTax Blog]

Mar 30, 2021 - Nonetheless, given the pace and severity of the shift in the state ’s economy resulting from the COVID-19 pandemic, tracking monthly withholding is a useful way to assess the state ’s evolving economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/636

The 2021-22 Budget: “Cradle to Career” Data System

Mar 26, 2021 - The box below describes the state ’s PAL and project oversight processes. California Has a Process for Approving Information Technology (IT) Projects State Has Had Challenges Implementing IT Projects.  
https://lao.ca.gov/Publications/Report/4409

The 2021-22 Budget: “Cradle to Career” Data System [Publication Details]

Mar 26, 2021 - Provides background on process to date toward creating an integrated education data system and other related data tools (collectively referred to as the "Cradle to Career" data system), describes the Governor's proposals to fund the development of specific components of this system, assesses these proposals, and makes associated recommendations.
https://lao.ca.gov/Publications/Detail/4409

The 2021-22 Budget: Assessment of CalHEERS Dashboard

Mar 25, 2021 - (SAWS is made up of multiple IT systems which support such functions as eligibility and benefit determination, enrollment, and case maintenance at the county level for some of the state ’s major health and human services  programs.)
https://lao.ca.gov/Publications/Report/4408

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - State and local governments have until December 31, 2024 to use the funds. Restrictions on Use of Funds. There are two restrictions on the use of the fiscal recovery funds. First, state and local governments are prohibited from using the funds to make supplemental pension payments.
https://lao.ca.gov/Publications/Report/4407

February 2021 State Tax Collections [EconTax Blog]

Mar 22, 2021 - February 2021 State Tax Collections [EconTax Blog] Seth Kerstein February gross revenue collections (before accounting for refunds) from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of budget projections by $1.6 billion (14 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/635