MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21 [Publication Details]

Jan 10, 2017 - We reviewed the proposed memoranda of understanding (MOUs) between the state and 13 bargaining units (Bargaining Units 1, 3, 4, 11 through 15, and 17 through 21).
https://lao.ca.gov/Publications/Detail/3520

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21

Jan 10, 2017 - This bonus is subject to Social Security and Medicare payroll taxes but does not affect state costs towards employee pension benefits. For the average SEIU Local 1000 member, this bonus constitutes about 4  percent of pay.
https://lao.ca.gov/Publications/Report/3520

December 2016 State Tax Collections [EconTax Blog]

Jan 5, 2017 - Previously published income tax data also was updated. December "Big Three " Tax Collections Disappointing …But Year-End Payments Still Coming In. Figure 1 below shows preliminary December revenue results for the state General Fund 's three main taxes —the personal income tax (PIT), the corporation tax (CT), and the sales and use tax (SUT).
https://lao.ca.gov/LAOEconTax/Article/Detail/228

Income Mobility in California Across Generations

Jan 4, 2017 - Chetty and Hendren used two decades of tax return data from 5 million families to assemble a uniquely rich data set. They measure income using pre–tax income from labor market earnings and capital (for example, from the sale of stocks or bonds), as well as unemployment, social security, and disability benefits.
https://lao.ca.gov/Publications/Report/3518

A Look at Recent Progress Toward Statewide Housing Goals [EconTax Blog]

Dec 15, 2016 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/226

Sales Tax Rates: Prop. 30 and Comparisons to Other States [EconTax Blog]

Dec 15, 2016 - Proposition 30 of 2012 increased the state’s sales and use tax (SUT) and personal income tax rates. The quarter-cent SUT rate created by Proposition 30 will expire on January 1, 2017. As a result, sales tax rates in California—which vary across cities and counties , currently ranging from 7.5 percent to 10 percent—will drop into the 7.25 percent to 9.75 percent range.
https://lao.ca.gov/LAOEconTax/Article/Detail/227

The Effects of Minimum Wages on Employment [EconTax Blog]

Dec 15, 2016 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/225

The Administration’s Sacramento Office Building Construction Strategy: Ensuring Robust Oversight

Dec 14, 2016 - EDD = Employment Development Department and FTB = Franchise Tax Board. Second, the administration should have evaluated the most cost –effective way to address the needs of these buildings. For example, it should have included an analysis of whether it is more cost effective to construct new buildings versus pursue other approaches, such as purchasing or leasing existing privately owned office buildings.
https://lao.ca.gov/Publications/Report/3516

California Community Colleges: Evaluation of Intersession Extension Pilot Program

Dec 14, 2016 - While needy students already are shielded from fees through the Board of Governors fee waiver program, low fees deliver high subsidies to nonneedy students—most of whom are eligible for substantial, if not full, reimbursement from the federal government through education tax credit programs.
https://lao.ca.gov/Publications/Report/3515

California's New Minimum Wage: Statewide Minimum Wage Increasing in January [EconTax Blog]

Dec 6, 2016 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/221