Income Tax Withholding Tracker: December 1 - December 23 [EconTax Blog]

Dec 23, 2020 - Income Tax Withholding Tracker: December 1 - December 23 [EconTax Blog] Income Tax Withholding Tracker: December 1 - December 23 December 23, 2020 Brian Uhler Bottom Line:   California income tax withholding collections in December to date are 19 percent above December 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/603

The 2020-21 Budget: Medi-Cal Fiscal Outlook

Nov 20, 2019 - Assumes Expiration of Reauthorized MCO Tax Halfway Through 2022 ‑23. The reauthorized MCO tax is scheduled to expire halfway through the 2022 ‑23 fiscal year. Accordingly, our outlook assumes no revenues from an operative MCO tax after December 2022.
https://lao.ca.gov/Publications/Report/4116

The 2020-21 Budget: Medi-Cal Fiscal Outlook [Publication Details]

Nov 20, 2019 - This web post provides detail on our projections and assumptions related to General Fund spending in Medi-Cal for the years 2019-20 through 2023-24. In the near term, we project Medi-Cal spending to grow to $23.5 billion in 2020-21. Over the long term, we project General Fund spending in Medi-Cal to grow to up to $27.6 billion.
https://lao.ca.gov/Publications/Detail/4116

K-12 Funding by Source [EdBudget]

Aug 31, 2021 - This reduction is more than offset by (1) approximately $1.4 billion in one-time funding for various infrastructure improvements and (2) baseline increases in state pension costs and debt service on school facility bonds. c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local
https://lao.ca.gov/Education/EdBudget/Details/545

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - How Would the Tax Rate Affect Compliance With the Tax? In general, we would expect higher tax rates to reduce tax compliance more than lower rates. For example, a higher tax rate would give consumers a stronger incentive to avoid the tax by purchasing e ‑cigarettes from out ‑of ‑state over the Internet.
https://lao.ca.gov/Publications/Report/4171

The 2021-22 May Revision: Golden State Stimulus 2

May 18, 2021 - The state ’s first stimulus program also provided an extra $600 payment to low-income undocumented workers who pay taxes using an individual taxpayer identification number (ITIN). ITINs are used by about half of the state ’s undocumented workers to pay taxes.
https://lao.ca.gov/Publications/Report/4435

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - Volatility of California’s Personal Income Tax Structure Volatility of California ’s Personal Income Tax Structure   Executive Summary The personal income tax (PIT) is the state government ’s most important revenue source.
https://lao.ca.gov/Publications/Report/3703

Volatility of California’s Personal Income Tax Structure [Publication Details]

Sep 28, 2017 - Volatility of California’s Personal Income Tax Structure [Publication Details] Volatility of California’s Personal Income Tax Structure Format: HTML Description: For many years, personal income tax (PIT) volatility has complicated budgetary planning.
https://lao.ca.gov/Publications/Detail/3703

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

Feb 10, 2021 - UI Program Is Financed With Payroll Taxes Paid by Employers. 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.
https://lao.ca.gov/Publications/Report/4360

Income Tax Withholding Tracker: November 16 - November 20 [EconTax Blog]

Nov 20, 2020 - Income Tax Withholding Tracker: November 16 - November 20 [EconTax Blog] Income Tax Withholding Tracker: November 16 - November 20 November 20, 2020 Brian Uhler Bottom Line:   California income tax withholding collections this week were 1 percent above the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/584