Weekly Unemployment Claims Update: March 15-21 [EconTax Blog]

Mar 26, 2020 - Other States Saw Even Larger Increases Than California. While California had a record-setting increase in claims last week, many other states experienced much larger increases in claims. Among the 15 largest states, claims were, on average, 11 times higher (128,000 compared to 12,000) during the week of March 15-21 compared the week prior.
https://lao.ca.gov/LAOEconTax/Article/Detail/445

Weekly Unemployment Claims Update: May 17-May23 [EconTax Blog]

May 29, 2020 - Should continued claims keep rising, however, it could signal that the state is in for a protracted slump. Initial Claims At Lowest Level in Two Months. California had 212,343 initial claims between May 17 and May 23.
https://lao.ca.gov/LAOEconTax/Article/Detail/473

Evaluating Tax Expenditures [EconTax Blog]

Aug 29, 2019 - The Legislature clearly states the intent of some tax expenditures in the enacting legislation. For example, the stated intent of the California Competes tax credit is to “attract and retain high-value employers in the state. ” In other cases, the intended goal may be less clear.
https://lao.ca.gov/LAOEconTax/Article/Detail/396

California New Business Creation: September 2020 [EconTax Blog]

Oct 8, 2020 - California New Business Creation: September 2020 [EconTax Blog] California New Business Creation: September 2020 October 8, 2020 Brian Uhler The extent of new business creation in California can be an important gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/559

The 2020-21 Budget: Overview of the California Spending Plan (Final Version) [Publication Details]

Oct 5, 2020 - The 2020-21 Budget: Overview of the California Spending Plan (Final Version) [Publication Details] The 2020-21 Budget: Overview of the California Spending Plan (Final Version) Format: HTML Description: Each year, our office publishes the California Spending Plan to summarize the annual state budget.
https://lao.ca.gov/Publications/Detail/4263

November 2018 State Tax Collections [EconTax Blog]

Dec 12, 2018 - November 2018 State Tax Collections [EconTax Blog] Seth Kerstein November 2018 State Tax Collections Personal Income Tax (PIT) Collections in November Higher Due to Processing Issue. As noted last month , a processing issue caused a delay in the receipt of October withholding.
https://lao.ca.gov/LAOEconTax/Article/Detail/334

Proposition 1 [Ballot]

Nov 6, 2018 - Fiscal Effects Bond Cost for State Housing Programs. This measure would allow the state to borrow up to $3  billion by selling general obligation bonds to investors, who would be repaid with interest from the state ’s General Fund.
https://lao.ca.gov/BallotAnalysis/Proposition?number=1&year=2018

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - A handful of other states have adopted state tax credits that mirror the federal New Market Tax Credit to encourage investors to shift their New Market Tax Credit investment to those states. To gauge the effect of these state credits, we looked at how New Market Tax Credit investments changed in states after they
https://lao.ca.gov/Publications/Report/4038

An Update on California's Film Tax Credit Programs [EconTax Blog]

Jul 22, 2019 - A notable new finding in this research is that changes in the number of motion picture industry jobs—increases and decreases—are not affected by the existence of a tax incentive in that state or in other states.
https://lao.ca.gov/LAOEconTax/Article/Detail/388

The 2019-20 Budget: California Spending Plan—Capital Outlay

Oct 17, 2019 - For a complete list of all state capital outlay projects approved in the 2019 ‑20 budget, see our Supplemental Report of the 2019‑20 Budget Act . (The report generally does not include state funding for local infrastructure projects.)
https://lao.ca.gov/Publications/Report/4105