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

Oct 2, 2020 - Overall, the pace of the recovery in the state ’s economy appeared to slow a bit.  
https://lao.ca.gov/LAOEconTax/Article/Detail/557

Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog]

Oct 2, 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 evolving economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/556

Weekly Unemployment Claims Update: September 20 - September 26 [EconTax Blog]

Oct 2, 2020 - Benefit payments from the federal Lost Wages Assistance program, which allows states to temporarily increase weekly benefits by $300, were paid out for the third time last week. The state distributed roughly $900 million in federal benefits under this program during the week ending September 26.
https://lao.ca.gov/LAOEconTax/Article/Detail/555

State Spending and Administrative Costs [Publication Details]

Sep 29, 2020 - State Spending and Administrative Costs [Publication Details] 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/Publications/Detail/4273

Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog]

Sep 25, 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 evolving economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/554

Weekly Unemployment Claims Update: September 13 - September 19 [EconTax Blog]

Sep 25, 2020 - Benefit payments from the federal Lost Wages Assistance program, which allows states to temporarily increase weekly benefits by $300, were paid out for the second time last week. The state distributed roughly $1.3 billion in federal benefits under this program during the week ending September 19.
https://lao.ca.gov/LAOEconTax/Article/Detail/553

Home Prices Update: August 2020 [EconTax Blog]

Sep 23, 2020 - The graph below shows appreciation over the past 12 months for the state ’s 15 largest counties. Santa Clara County shows by far the highest home price growth among this group, although its Bay Area neighbors Alameda, Contra Costa, San Francisco, and San Mateo have all lagged behind the state ’s other large counties.
https://lao.ca.gov/LAOEconTax/Article/Detail/551

Major Potential State Fiscal Risk Averted Following Withdrawal of Proposed Federal Medicaid Financing Regulation [Publication Details]

Sep 21, 2020 - Major Potential State Fiscal Risk Averted Following Withdrawal of Proposed Federal Medicaid Financing Regulation [Publication Details] 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/Publications/Detail/4269

Major Potential State Fiscal Risk Averted Following Withdrawal of Proposed Federal Medicaid Financing Regulation

Sep 21, 2020 - The state levies a fee on stays in private hospitals. Revenues from this fee are used to increase hospital payments and help fund the Medi-Cal program. Managed Care Organization (MCO) Tax. The state imposes a tax on MCOs, revenues from which are used to help fund Medi-Cal.
https://lao.ca.gov/Publications/Report/4269

August 2020 Jobs Report [EconTax Blog]

Sep 18, 2020 - The state ’s leisure and hospitality sector lost 15,000 jobs in August compared to a nationwide gain of 174,000. Excluding this sector, the state accounted for 9.7 percent of August nationwide job growth, still somewhat below its share of total jobs in February.  
https://lao.ca.gov/LAOEconTax/Article/Detail/549