Cal Facts 2018 [Publication Details]

Dec 6, 2018 - With a state as big, as populous, and as complex as California, quickly summarizing how its economy or state budget works is impossible. Instead, Cal Facts is a visual guide—using a variety of different charts—to the state's economy, revenues, and major program trends.
https://lao.ca.gov/Publications/Detail/3905

State Fiscal Health Index: October 2018 [EconTax Blog]

Dec 5, 2018 - Knowing when the state ’s next budget slowdown will happen is impossible. Many economic factors outside the state ’s control influence state revenues. Despite this, certain data points can help us understand whether shifting economic conditions are likely to lead to growth or declines in state revenues in the coming months.
https://lao.ca.gov/LAOEconTax/Article/Detail/333

Building Permits Update: October 2018 [EconTax Blog]

Dec 5, 2018 - Building Permits Update: October 2018 [EconTax Blog] Building Permits Update: October 2018 December 5, 2018 Justin Garosi Through October, about 98,000 building permits have been issued throughout the state in 2018.
https://lao.ca.gov/LAOEconTax/Article/Detail/332

Were Local School Bond Measures Impacted By Recent Federal Tax Changes? [EconTax Blog]

Nov 30, 2018 - This means that taxpayers who pay more than $10,000 in state and local taxes now face a higher cost for any increases in their state income taxes and local property taxes. This could discourage people from ta king actions that would increase their state income taxes or local property taxes.
https://lao.ca.gov/LAOEconTax/Article/Detail/330

Unemployment Claims Update: October 2018 [EconTax Blog]

Nov 28, 2018 - Source: United States Department of Labor with LAO calculations  
https://lao.ca.gov/LAOEconTax/Article/Detail/328

Taxation of Sugary Drinks

Nov 26, 2018 - This information already appears on federally mandated nutrition labels, so a sugar ‑based or tiered tax likely would be feasible at the state level. Local governments have less tax administration capacity than the state, so their ability to administer such a tax is less clear.
https://lao.ca.gov/Publications/Report/3903

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - The law stated the Legislature’s intent to regulate the imposition and collection of such taxes to the exclusion of local action. As such, the Legislature may face the following decisions: (1) Should the state levy an excise tax on sugary drinks?
https://lao.ca.gov/Publications/Detail/3903

October 2018 Jobs Report [EconTax Blog]

Nov 20, 2018 - Overall employment in the state has grown 1.8 percent over the past 12 months, very close to the nation’s 1.7 percent growth rate.  
https://lao.ca.gov/LAOEconTax/Article/Detail/327

Cannabis Tax Revenue Update [EconTax Blog]

Nov 15, 2018 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. June Budget Assumptions. The June 2018 budget package assumed that 2017-18 revenue would be $185 million and that 2018-19 revenue would be $630 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/326

How CalFire is Spending Recent Forest Health Funds

Nov 15, 2018 - Because it represents the state ’s most significant expenditure towards improving forest conditions, throughout the rest of this web post we provide additional detail on CalFire ’s Forest Health Program spending.
https://lao.ca.gov/Publications/Report/3902