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

Jul 16, 2020 - For example, sales by bars and restaurants —another major source of sales tax revenue —were down 26 percent compared to the same time last year.  
https://lao.ca.gov/LAOEconTax/Article/Detail/495

Income Tax Withholding Tracker: July 6-July 10 [EconTax Blog]

Jul 10, 2020 - The first graph compares withholding payments received last week to payments received in the comparable week in 2019, which ran from Monday, July 8 to Friday, July 12 of that year. Withholding was up 25 percent from the comparable week in 2019 .  
https://lao.ca.gov/LAOEconTax/Article/Detail/494

Building Permits Update: May 2020 [EconTax Blog]

Jul 7, 2020 - The multifamily housing permit total of 3,429 was not far below the May 2019 figure, but it was well below the May average over the previous five years. March and April were similarly below their 2015-2019 averages.
https://lao.ca.gov/LAOEconTax/Article/Detail/492

Income Tax Withholding Tracker: June 29-July 3 (UPDATED) [EconTax Blog]

Jul 6, 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/490

Income Tax Withholding Tracker: June 22-June 26 [EconTax Blog]

Jun 26, 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 from March through June of  2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/488

Weekly Unemployment Claims Update: June 14-June 20 [EconTax Blog]

Jun 25, 2020 - Weekly Unemployment Claims Update: June 14-June 20 [EconTax Blog] Weekly Unemployment Claims Update: June 14-June 20 June 25, 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/487

Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21

Jun 25, 2020 - Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21 June 25, 2020 Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, and 21 The compromise budget package will be considered by the California State Senate on June 25, 2020 and by the California State Assembly on June 26, 2020.
https://lao.ca.gov/Publications/Report/4257

Home Sales Update: May 2020 [EconTax Blog]

Jun 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. The slump deepened in May, as the state recorded barely half as many sales as in May 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/486

Home Prices Update: May 2020 [EconTax Blog]

Jun 23, 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. May 2020 data indicate that the typical home in both California and the nation at large has appreciated 4.3 percent since May 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/485

Income Tax Withholding Tracker: June 15-June 19 [EconTax Blog]

Jun 19, 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 from March through June of  2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/483