August 2019 State Tax Collections [EconTax Blog]

Sep 20, 2019 - August 2019 State Tax Collections [EconTax Blog] Carolyn Chu August Revenues Slightly Below Projections. As seen in the figure below, August revenue collections across the state ’s three largest revenue sources —personal income tax (PIT), corporation tax, and sales tax —fell almost $380 million below projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/401

May Revision 2016: Economic Outlook [EconTax Blog]

May 15, 2016 - Background on Economic Assumptions and State Budgeting. Each California state budget is premised on assumptions about the course of the U.S. and state economies. Economic assumptions, including those about the future trend in stock prices, must be made in order to develop the constitutionally required estimate of General Fund resources (revenues) in the annual state budget.
https://lao.ca.gov/LAOEconTax/Article/Detail/185

Cannabis Tax Revenue Update [EconTax Blog]

Nov 30, 2021 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. Preliminary Total for First Quarter of 2021-22: $211 Million. The administration currently estimates that retail excise tax revenue was $169 million and cultivation tax revenue was $42 million in the first quarter of fiscal year 2021-22 (July through September).
https://lao.ca.gov/LAOEconTax/Article/Detail/717

The 2021-22 Budget: Interest Payment on Federal Unemployment Insurance Loan

Feb 10, 2021 - Employers pay both state and federal UI payroll taxes. State UI tax revenues are deposited into the state ’s UI trust fund to pay benefits to unemployed workers. State UI tax rates are set based on rate schedules laid out in state law.
https://lao.ca.gov/Publications/Report/4360

The 2022-23 Budget: Commission on Peace Officer Standards and Training

Jan 31, 2022 - 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
https://lao.ca.gov/Publications/Report/4507

Proposition 21 [Ballot]

Nov 3, 2020 - State and Local Government Tax Revenues.  Three taxes are the largest sources of tax revenue for the state and local governments in California —personal income tax, property tax, and sales tax. The state collects a personal income tax on income —including rent received by landlords —earned within the state.
https://lao.ca.gov/BallotAnalysis/Proposition?number=21&year=2020

Home Prices Update: February 2021 [EconTax Blog]

Apr 5, 2021 - These are the highest 12-month growth rates in the state since 2014 and in the nation since 2006, although the gap between the state and national growth rates is the smallest since September. Low interest rates that make monthly mortgage payments more affordable (all else equal) have contributed to the price increases, and the pandemic-driven shift to remote work may also be driving home prices up.
https://lao.ca.gov/LAOEconTax/Article/Detail/637

The 2021-22 Budget: Analysis of the Governor’s Medi-Cal Telehealth Proposal

May 13, 2021 - Background Medi ‑Cal Is the State ’s Medicaid Program. Medi ‑Cal is the state ’s Medicaid program. As a joint state ‑federal program, Medi ‑Cal costs are shared between the state and federal governments, usually with each paying 50  p ercent of costs.
https://lao.ca.gov/Publications/Report/4430

Splitting California into three new U.S. states. [Ballot]

Oct 9, 2017 - Three New States The existing State of California —with about 39.5  million people —is the most populous U.S. state. Following creation of the three new states, there would be 52 U.S. states (the three in this proposal plus the other 49 states).
https://lao.ca.gov/BallotAnalysis/Initiative/2017-018

Impact of COVID-19 on Health Care Access

May 7, 2021 - The remaining 14  million state residents generally obtain health care coverage from insurers (usually PPOs) overseen by the state Department of Insurance (6  million state residents), Medicare fee-for-service (around 3.5  million state residents), Medi-Cal fee-for-service (over 1  million state residents), or are uninsured (between 2  million and 3  million state residents).
https://lao.ca.gov/Publications/Report/4426