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

The 2023-24 California Spending Plan: Transportation

Oct 16, 2023 - (Self-help counties are those that have passed local sales tax measures dedicated to transportation improvements.) California Highway Patrol The budget provides $3  billion for CHP in 2023-24, which represents a reduction of $106  million (3  percent) relative to 2022-23.
https://lao.ca.gov/Publications/Report/4804

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The 2023-24 Budget: Overview of the Spending Plan (Final Version) Overview of the Spending Plan (Final Version) Appendix 4: Large One-Time and Temporary Augmentations Transportation Appendix 4, Figure 1 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Business and Labor General Fund (In millions) Begin new information technology overhaul
https://lao.ca.gov/Publications/Report/4788/4

November 2019 State Tax Collections [EconTax Blog]

Dec 18, 2019 - November 2019 State Tax Collections [EconTax Blog] Seth Kerstein Overall, November revenue collections from the state ’s three largest taxes —the personal income tax (PIT), corporation tax, and sales tax —fell $362  million below projections in November.
https://lao.ca.gov/LAOEconTax/Article/Detail/421

State Tax Collections Update: April 2020 to July 2020 [EconTax Blog]

Aug 20, 2020 - State Tax Collections Update: April 2020 to July 2020 [EconTax Blog] Seth Kerstein Bottom Line. Total revenue collections for the state ’s three largest taxes —personal income tax (PIT), sales tax, and corporation tax —across April 2020 to July 2020 came in 9 percent ($4.3 billion) ahead of budget projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/525

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [Publication Details]

Jan 26, 2022 - The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [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/4501

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - Federal Tax Laws Exempt Pandemic ‑Related Financial Assistance. Federal personal income tax and corporation tax laws generally consider grants and forgiven loans as taxable business income. However, the federal tax laws were changed to specifically exclude these pandemic ‑related financial assistance programs from taxable income.
https://lao.ca.gov/Publications/Report/4501

U.S. Retail Sales Update: June 2022 [EconTax Blog]

Jul 18, 2022 - The amount of money spent on retail purchases in the U.S. increased 1% from May to June, but real sales declined due to inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/742

The 2023-24 Budget: Financing Approaches for Capital Outlay Projects

Feb 28, 2023 - Taxable bonds are projected to have about 7  percent interest rates in fall 2023 —or 1.35  percent higher than tax-exempt bonds. As a result, the annual debt service savings on these taxable bonds is about $5  million more than tax-exempt bonds.
https://lao.ca.gov/Publications/Report/4709

Income Tax Withholding Tracker: June 2022 [EconTax Blog]

Jul 11, 2022 - Income Tax Withholding Tracker: June 2022 [EconTax Blog] Income Tax Withholding Tracker: June 2022 July 11, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/741