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

Weekly Unemployment Claims Update: September 6 - September 12 [EconTax Blog]

Sep 18, 2020 - The state currently is applying to receive a sixth week of federal funding under this program.  
https://lao.ca.gov/LAOEconTax/Article/Detail/547

Income Tax Withholding Tracker: September 14 - September 18 [EconTax Blog]

Sep 18, 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/548

August 2020 State Tax Collections [EconTax Blog]

Sep 17, 2020 - August 2020 State Tax Collections [EconTax Blog] Seth Kerstein August revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of budget projections by $1.7 billion (24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/546

Impact of COVID-19 on State Transportation Revenues [Publication Details]

Sep 17, 2020 - Impact of COVID-19 on State Transportation Revenues [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/4268

Impact of COVID-19 on State Transportation Revenues

Sep 17, 2020 - Impact of COVID-19 on State Transportation Revenues September 17, 2020 Impact of COVID-19 on State Transportation Revenues The coronavirus disease 2019 (COVID-19) public health pandemic has impacted social and economic activity in the state.
https://lao.ca.gov/Publications/Report/4268?utm_source=t.co&utm_medium=referral&utm_campaign=4268

Local Government Control [Ballot]

Sep 15, 2020 - Major Fiscal Effects Unknown, Potentially Significant Increase in State Costs. The measure increases state costs by shifting some current local costs related to courts, corrections, highways, and housing to the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2020-002

Weekly Unemployment Claims Update: August 30 - September 5 [EconTax Blog]

Sep 11, 2020 - Through March and April, the key measure that captured the impact of the virus on the state ’s workers was the number of new unemployment claims being filed each week. Equally important going forward, however, will be the level of continued claims —the total number of people receiving unemployment benefits each week.
https://lao.ca.gov/LAOEconTax/Article/Detail/544

Income Tax Withholding Tracker: September 7 - September 11 [EconTax Blog]

Sep 11, 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/541