Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Under these reevaluations, the state revises the BSA deposit up (down) if excess capital gains taxes are higher (lower) than the state ’s prior estimates. Infrastructure Spending Required When the BSA Reaches Specific Threshold.
https://lao.ca.gov/Publications/Report/3900

Cannabis Tax Revenue Update [EconTax Blog]

Mar 6, 2020 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. January Budget Assumptions. The Governor ’s January budget proposal assumed that 2019-20 cannabis tax revenue would be $479 million and that 2020-21 revenue would be $550 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/441

Building Permits Update: January 2020 [EconTax Blog]

Mar 5, 2020 - The multifamily housing permit total of 4,259 was right in line with the January average over the past five years, although nearly a third lower than the 6,356 units the state recorded last January. The single family housing permit total of 4,938 was in the middle of the narrow range of monthly totals we have observed since March 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/440

The 2019-20 Budget: Deferred Maintenance

Feb 8, 2019 - The administration has identified a total state infrastructure deferred maintenance need of about $ 70  b illion. Of this amount, about $ 50  b illion is related to the state ’s transportation system and the remaining $ 20  b illion is associated with other types of state facilities.
https://lao.ca.gov/publications/report/3929

The 2019-20 Budget: Deferred Maintenance

Feb 8, 2019 - The administration has identified a total state infrastructure deferred maintenance need of about $ 70  b illion. Of this amount, about $ 50  b illion is related to the state ’s transportation system and the remaining $ 20  b illion is associated with other types of state facilities.
https://lao.ca.gov/Publications/Report/3929

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

Weekly Unemployment Claims Update: April 19-April 25 [EconTax Blog]

Apr 30, 2020 - Department of Labor released data on the number of unemployment claims processed by state labor departments during the week of April 19 to April 25. Below we offer some observations on these weekly claims data.
https://lao.ca.gov/LAOEconTax/Article/Detail/459

Proposes vote on California becoming an independent country. [Ballot]

Apr 5, 2018 - Background California Inseparable Part of United States. In 1850, Congress and President Fillmore approved the act admitting California into the United States of America. Section 1 of Article III of the State Constitution provides that California “is an inseparable part of the United States of America. ” This section of the State Constitution also states that the U.S.
https://lao.ca.gov/BallotAnalysis/Initiative/2018-001

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

February 2019 State Tax Collections [EconTax Blog]

Mar 11, 2019 - February 2019 State Tax Collections [EconTax Blog] Carolyn Chu February Revenues Roughly on Track. Overall, February collections for the state ’s three largest sources of revenue —the personal income tax (PIT), sales tax, and corporation tax —were $117 million ahead of the administration ’s January projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/351