The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The ARP included $350  billion in funding to state and local governments for fiscal recovery in the Coronavirus State Fiscal Recovery Fund. Of this total, California ’s state government will receive about $27  billion.
https://lao.ca.gov/Publications/Report/4432

^[PDF] The 2010-11 Budget: Overview of the Governor's Budget

State em‑ ployee salaries would be reduced across the board by 5 percent. ➢ 5 Percent Increase in Employee Pension Contributions. State employee pension contributions—now typically between 5 percent and 8 percent of employee sal‑ aries, depending on the bargaining unit— would be increased by an additional 5 percent of payroll.
https://lao.ca.gov/reports/2010/bud/budget_overview/bud_overview_011210.pdf

California New Business Creation: October 2021 [EconTax Blog]

Nov 19, 2021 - California New Business Creation: October 2021 [EconTax Blog] California New Business Creation: October 2021 November 19, 2021 Brian Uhler The extent of new business creation in California can be a useful gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/715

California Community Colleges Capital Outlay Projects Under Governor's Budget and May Revision [EdBudget]

May 24, 2021 - The revised project is due to a mandate by the Division of the State Architect to implement additional seismic upgrades to the building. State costs for all years are $4.9 million higher than the amount approved in 2020-21 and total costs are $9.8 million higher.
https://lao.ca.gov/Education/EdBudget/Details/498

What Can We Learn From How the State Responded to the Last Major Drought? [Publication Details]

May 13, 2021 - What Can We Learn From How the State Responded to the Last Major Drought? [Publication Details] What Can We Learn From How the State Responded to the Last Major Drought? Format: HTML Description: For the second consecutive year, the state is experiencing extremely low rates of precipitation.
https://lao.ca.gov/Publications/Detail/4429

California Venture Capital Funding, 1st Quarter 2021 [EconTax Blog]

Jun 10, 2021 - The state has always attracted a disproportionate share of nationwide VC funding, and in fact its VC funding has generally been close to the other 49 states combined since 2008. The past quarter was no exception, as the rest of the country had a similar surge with more than half of the total go ing to New York and Massachusetts.  
https://lao.ca.gov/LAOEconTax/Article/Detail/665

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - Furthermore, robust revenue trends in recent months point to a potentially sizeable state budget surplus —independent of the federal funds. As we highlighted in our recent report , the state’s present fiscal trajectory puts it on a course to exceed the constitutional state appropriations limit (SAL).
https://lao.ca.gov/Publications/Report/4422

April 2021 Jobs Report [EconTax Blog]

May 21, 2021 - California leisure/hospitality employment continued to rebound from the sharp drops in December and January, although it rem ains far more depressed than its national counterpart as the state has generally been slower to lift pandemic-related restrictions than other states have.
https://lao.ca.gov/LAOEconTax/Article/Detail/657

Building Permits Update: July 2021 [EconTax Blog]

Sep 7, 2021 - Nonresidential construction permit remains historically weak, and July ’s total of $937 million was the single lowest monthly figure since 2012, when the state ’s economy was far smaller and the price level lower.
https://lao.ca.gov/LAOEconTax/Article/Detail/693

May Revision: LAO Economic Outlook [EconTax Blog]

May 15, 2015 - The wealth and dynamism of the technology sector is such that other states and countries constantly try to capture more of the industry.  
https://lao.ca.gov/LAOEconTax/Article/Detail/104