June 2018 State Jobs Report [EconTax Blog]

Jul 27, 2018 - June 2018 State Jobs Report [EconTax Blog] June 2018 State Jobs Report July 27, 2018 Carolyn Chu California 's Employment Development Department and the U.S. Bureau of Labor Statistics released California 's   June 2018 state jobs report  on July 20, 2018.
https://lao.ca.gov/LAOEconTax/Article/Detail/295

Occupational Wage Growth from 2013 to 2017 [EconTax Blog]

Jul 26, 2018 - As seen in the figure, median wages in all three of these groups track changes in the state ’s minimum wage fairly well though employers did not respond to the first minimum wage increase immediately.
https://lao.ca.gov/LAOEconTax/Article/Detail/294

Occupational Wage Growth from 2016 to 2017 [EconTax Blog]

Jul 26, 2018 - This pattern may be related to the increase in the state ’s minimum wage from $10 an hour to $10.50 an hour at the beginning of 2017. The minimum wage alone, however, does not explain all of the increase for these groups.
https://lao.ca.gov/LAOEconTax/Article/Detail/293

Why Are Unemployment Claims a Useful Economic Indicator? [EconTax Blog]

Jul 24, 2018 - Personal income is the tax base for the state ’s largest source of tax revenue : the personal income tax.  
https://lao.ca.gov/LAOEconTax/Article/Detail/290

CalSTRS Funding Update

Jul 19, 2018 - In addition, CalSTRS receives an annual appropriation from the state General Fund. CalSTRS is unique in that it is the only pension system in California for which the state makes a direct appropriation on behalf of local agencies.
https://lao.ca.gov/Publications/Report/3873

CalSTRS Funding Update [Publication Details]

Jul 19, 2018 - In May 2018, the California State Teachers’ Retirement System (CalSTRS) released an update on the financial position of the pension system, which was largely in line with expectations. This post summarizes the update, which contains the latest estimates of the unfunded liability and contribution rates required for districts, employees, and the state.
https://lao.ca.gov/Publications/Detail/3873

State Revenue Tracking: Focus on Four Key Months [EconTax Blog]

Jul 18, 2018 - Results from some months are more important than results from other months due to when different types of tax payments are submitted to the state. To help budget watchers better assess the state ’s revenue situation, we explain these patterns with a particular focus on the state ’s main revenue source —the personal income tax (PIT).
https://lao.ca.gov/LAOEconTax/Article/Detail/289

2017-18 State Tax Collections [EconTax Blog]

Jul 11, 2018 - As corporations bring foreign-held cash back to the United States, a portion of that cash—depending on corporations’ tax status in California—is taxed by the state.) What share of higher estimated payments by businesses are due to repatriation is not yet known.
https://lao.ca.gov/LAOEconTax/Article/Detail/288

Core Funding for County Offices of Education (COEs) [EdBudget]

Jul 10, 2018 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/196

California State Library Budget [EdBudget]

Jul 10, 2018 - These initiatives provide funds to local local libraries and other external organizations but are scored as state operations in the budget. c Less than $50,000. d Includes California State Law Library Special Account, Central Service Cost Recovery Fund, and the Deaf and Disabled Telecommunications Program Administrative Committee Fund.
https://lao.ca.gov/Education/EdBudget/Details/191