Districts' Pension Contribution Rates and Amounts [EdBudget]

Aug 24, 2020 - Districts' Pension Contribution Rates and Amounts [EdBudget]     a Projected rates for 2021-22, 2022-23, and 2023-24 are based on actuarial assumptions and experience through June 30, 2019. Final rates for those years will vary based on actual actuarial experience (including actuarial losses in 2019-20) and other factors. b Contribution amounts are estimates based on creditable compensation.
https://lao.ca.gov/Education/EdBudget/Details/439

Changes to Districts' Contribution Rates [EdBudget]

Aug 24, 2020 - For 2019-20, 2020-21, and 2021-22, employers' rates are offset by contributions from the state on their behalf, resulting in lower effective contribution rates compared to actual rates received by the pension systems.
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

Overview of Employment Development Department Response to COVID-19 [Publication Details]

Aug 24, 2020 - Presented to: Assembly Budget Subcommittee No. 4 on State Administration Hon. Jim Cooper, Chair
https://lao.ca.gov/Publications/Detail/4265

July 2020 Jobs Report [EconTax Blog]

Aug 21, 2020 - Excluding this sector, the state accounted for 11.5 percent of July nationwide job growth, exactly in line with its share of total jobs in February.  
https://lao.ca.gov/LAOEconTax/Article/Detail/530

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

Aug 21, 2020 - Key areas where the state ’s economy has seen some improvement are employment, new business creation, and consumer spending. Since April, the state has added back 750,000 jobs, about a quarter of its pandemic-related job losses.
https://lao.ca.gov/LAOEconTax/Article/Detail/529

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

Aug 21, 2020 - Nonetheless, given the pace and severity of the shift in the state ’s economy resulting from the COVID-19 pandemic, tracking weekly withholding is worthwhile as a way to assess the state ’s rapidly changing economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/527

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

Aug 21, 2020 - 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. Self-Employment Continued Claims Rise to 1.4 Million This Week.
https://lao.ca.gov/LAOEconTax/Article/Detail/526

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

Aug 20, 2020 - State Tax Collections Update: April 2020 to July 2020 [EconTax Blog] Seth Kerstein Bottom Line. Total revenue collections for the state ’s three largest taxes —personal income tax (PIT), sales tax, and corporation tax —across April 2020 to July 2020 came in 9 percent ($4.3 billion) ahead of budget projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/525

Cannabis Tax Revenue Update [EconTax Blog]

Aug 19, 2020 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. Fourth Quarter of 2019-20: $125 Million. The administration currently estimates that retail excise tax revenue was $102 million and cultivation tax revenue was $23 million in the fourth quarter of 2019-20 (April through June).
https://lao.ca.gov/LAOEconTax/Article/Detail/524