2021-22 “Big Three” Revenue Outlook Update: April 20, 2022 [EconTax Blog]

Apr 21, 2022 - Our estimates suggest that it is virtually certain that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will significantly exceed the Governor ’s Budget assumption of $185 billion in 2021-22.
https://lao.ca.gov/LAOEconTax/Article/Detail/732

U.S. Retail Sales Update: March 2022 [EconTax Blog]

Apr 18, 2022 - U.S. retail sales (seasonally adjusted) grew 0.5 percent from February to March.
https://lao.ca.gov/LAOEconTax/Article/Detail/731

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - These trends will be even more severe in some inland counties. For example, in Fresno County, the historical trends of five days of extreme heat per year are projected to increase to 29 days annually between 2035 and 2064 and 43 days annually between 2070 and 2099.
https://lao.ca.gov/Publications/Report/4575

Climate Change Impacts Across California - Transportation

Apr 5, 2022 - Furthermore, as vehicles become more efficient, gas tax revenues—which currently represent the primary source of state funds for transportation projects—may not provide as much funding for future efforts.
https://lao.ca.gov/Publications/Report/4576

Climate Change Impacts Across California - K-12 Education

Apr 5, 2022 - The Legislature also could consider funding emergency management planning grants for districts and county offices of education (COEs) —specifically those that face the greatest risk and/or might have less capacity to prepare and respond to climate threats without state assistance.
https://lao.ca.gov/Publications/Report/4586

Climate Change Impacts Across California - Health

Apr 5, 2022 - Following the 2018 Camp Fire, for example, nearby health systems in Butte County experienced increased demand due to the loss of 100 staffed hospital beds in Paradise. Increased Demand for Certain Services.
https://lao.ca.gov/Publications/Report/4580

Climate Change Impacts Across California - Housing

Apr 5, 2022 - For example, over the past decade, six out of ten of the state ’s fastest growing counties have been in the Central Valley and Inland Empire, which are regions that are a comparatively high risk of excessive heat.
https://lao.ca.gov/Publications/Report/4584

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - (As of 2018 ‑19, cities and counties had over $150  billion in collective room under their limits. As a result, changing this definition is unlikely to result in very many local governments exceeding their limits.
https://lao.ca.gov/Publications/Report/4583

The 2022-23 Budget: Middle Class Scholarship Program

Mar 30, 2022 - (For context, about 90  percent of tax filers in California are beneath this cap.) Revamped MCS Program Is Much Costlier Than Original Program. In fall 2021, CSAC prepared a cost estimate for the revamped MCS program using more detailed student ‑level data than was available when the 2021 ‑22 budget was enacted.
https://lao.ca.gov/Publications/Report/4581

2021-22 “Big Three” Revenue Outlook Update: March 2022 [EconTax Blog]

Mar 28, 2022 - We currently project that there is a very good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the Governor ’s Budget assumption of $185 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/729