Need-Based Financial Aid Award Amounts [EdBudget]

Aug 27, 2018 - The size of the supplement each year depends on the level of tax credit funds. The UC Grant covers both tuition and nontuition expenses after applying a student self-help expectation and factoring all other financial aid.
https://lao.ca.gov/Education/EdBudget/Details/190

Unemployment Claims Update: July 2018 [EconTax Blog]

Aug 24, 2018 - July claims fell below the average of the past 12 months (182,000), as well as the five-year average (208,000). As shown o n the left side of the graphic below, unemployment claims had a slight downward trend over the past 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/302

Home Sales Update: July 2018 [EconTax Blog]

Aug 23, 2018 - During past the 12 months, year-over-year growth in home sales has slowed. Sales growth generally has hovered around zero and has posted declines in some months. While somewhat not able, this mild slowdown is far from the type of drop that is normally seen before an economic downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/301

Why Are Home Sales a Useful Economic Indicator? [EconTax Blog]

Aug 23, 2018 - As we have discussed ( here , here , and here ), both home price growth and home sales are important drivers of growth in taxable property values and, in turn, property tax revenues for schools and local governments.
https://lao.ca.gov/LAOEconTax/Article/Detail/299

Statewide Tax on sugar-sweetened drinks. [Ballot]

Aug 21, 2018 - For the four cities combined, these taxes currently raise an estimated $25  million per year. State Bans New Local Taxes on Sugar-Sweetened Drinks. A law passed by the Legislature and signed by the Governor on June 28, 2018 prohibits other local governments from enacting new excise taxes on sugar-sweetened drinks.
https://lao.ca.gov/BallotAnalysis/Initiative/2018-004

Building Permits Update: June 2018 [EconTax Blog]

Aug 3, 2018 - Single family homes (30,318) have made up about half of the statewide total so far this year, as they have in recent years. June was the first month of 2018 in which single family permits did not exceed 2017 levels.
https://lao.ca.gov/LAOEconTax/Article/Detail/296

Occupational Wage Growth from 2013 to 2017 [EconTax Blog]

Jul 26, 2018 - The four-year results are similar to the one-year results described in our last post in that the lowest-paying occupation groups generally saw the biggest wage growth (shaded in grey). The biggest gains (more than 6 percent on average) went to the two lowest-paying groups, food preparation /service, and farming/fishing/forestry.
https://lao.ca.gov/LAOEconTax/Article/Detail/294

Occupational Wage Growth from 2016 to 2017 [EconTax Blog]

Jul 26, 2018 - Occupational Wage Growth from 2016 to 2017 [EconTax Blog] Occupational Wage Growth from 2016 to 2017 July 26, 2018 Carolyn Chu Last year, we wrote about industry wage growth in California between 1990 and 2016.
https://lao.ca.gov/LAOEconTax/Article/Detail/293

Unemployment Claims Update: June 2018 [EconTax Blog]

Jul 24, 2018 - June claims fell below the average of the past 12 months (183,000), as well as the five-year average (209,000). As shown o n the left side of the graphic below, the trend in unemployment claims has been relatively flat over the past 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/292

CalSTRS Funding Update

Jul 19, 2018 - Like other public pension systems in California, CalSTRS is funded through contributions from employers (school and community college districts) and employees. In addition, CalSTRS receives an annual appropriation from the state General Fund.
https://lao.ca.gov/Publications/Report/3873