The 2024-25 Budget: Salton Sea Management Program

Feb 26, 2024 - Beginning in 2026‑27, the Governor proposes to support the 18 positions with the Salton Sea Lithium Fund, which is anticipated to receive revenue from a lithium extraction tax in the coming years. Weigh Trade ‑Offs of Funding the Governor ’s Proposed Salton Sea Projects —Perhaps at a Partial Level —Against Other Budget Priorities.
https://lao.ca.gov/Publications/Report/4859

The 2024-25 Budget: Insolvency Risks for Environmental and Transportation Special Funds

Feb 27, 2024 - Typically, doing so requires increasing existing taxes or fees or establishing a new revenue stream. In some circumstances, fee or tax increases must be approved by the Legislature or by voters. In  other cases, the Legislature has granted the administration statutory authority to increase charges, sometimes up to a threshold or according to a schedule.
https://lao.ca.gov/Publications/Report/4858

April 2019 Corporation Tax Collections Stronger Than Expected [EconTax Blog]

Apr 18, 2019 - April Typically Is Second Largest Corporation Tax Collections Month. Income tax collections in some months are more important than the results from other months due to when different types of tax payments are due.
https://lao.ca.gov/LAOEconTax/Article/Detail/362

Proposition 30 [Ballot]

Nov 8, 2022 - ANALYSIS OF MEASURE BACKGROUND California Personal Income Taxes. The state collects a tax on personal income earned within the state. Last year, the personal income tax raised over $130  billion in revenue.
https://lao.ca.gov/BallotAnalysis/Proposition?number=30&year=2022

The 2024-25 Budget: IS and IT Project Proposal Tables

Feb 9, 2024 - IT = information technology; CDT = California Department of Technology; TF = total funds; GF = General Fund; OF = other funds; EDD  =  Employment  Development Department; CalSTRS = State Teachers ’ Retirement System; PSP = Pension Solution Project; N/A = not applicable; CalHHS  =  California Health and Human Services Agency; DSS = Department of Social Services; CWS ‑CARES = Child Welfare Services
https://lao.ca.gov/Publications/Report/4836

U.S. Retail Sales: March 2020 [EconTax Blog]

Apr 15, 2020 - The drop in overall retail sales will hurt sales tax revenues both for the state and local governments. Due to a state General Fund exemption for fuel, gas stations are a significant source of sales tax revenue for local governments, but not for the state.
https://lao.ca.gov/LAOEconTax/Article/Detail/451

Income Tax Withholding Tracker: 4/6 to 4/10 [EconTax Blog]

Apr 10, 2020 - Income Tax Withholding Tracker: 4/6 to 4/10 [EconTax Blog] Income Tax Withholding Tracker: 4/6 to 4/10 April 10, 2020 Brian Uhler Bottom Line: Withholding has shown significant weakness for three weeks in a row.
https://lao.ca.gov/LAOEconTax/Article/Detail/450

Income Tax Withholding Tracker: 3/30 to 4/3 [EconTax Blog]

Apr 3, 2020 - Income Tax Withholding Tracker: 3/30 to 4/3 [EconTax Blog] Income Tax Withholding Tracker: 3/30 to 4/3 April 3, 2020 Brian Uhler Bottom Line: Withholding has declined significantly during the last two weeks.
https://lao.ca.gov/LAOEconTax/Article/Detail/448

Income Tax Withholding Tracker: 3/23 to 3/27 [EconTax Blog]

Mar 27, 2020 - Income Tax Withholding Tracker: 3/23 to 3/27 [EconTax Blog] Income Tax Withholding Tracker: 3/23 to 3/27 March 27, 2020 Brian Uhler Bottom Line: The impact of the COVID-19 outbreak is now noticeable in withholding, with payments this week dropping at a similar rate to the comparable week during the depths of the Great Recession.  
https://lao.ca.gov/LAOEconTax/Article/Detail/446

Income Tax Withholding Tracker: 3/16 to 3/20 [EconTax Blog]

Mar 20, 2020 - Income Tax Withholding Tracker: 3/16 to 3/20 [EconTax Blog] Income Tax Withholding Tracker: 3/16 to 3/20 March 20, 2020 Brian Uhler Bottom Line: While COVID-19 does not appear to have significantly affected personal income tax withholding to date, we anticipate a slowdown in withholding in the coming weeks.
https://lao.ca.gov/LAOEconTax/Article/Detail/443