Income Tax Withholding Tracker: August 3-August 9 [EconTax Blog]

Aug 7, 2020 - Income Tax Withholding Tracker: August 3-August 9 [EconTax Blog] Income Tax Withholding Tracker: August 3-August 9 August 7, 2020 Brian Uhler Bottom Line:   California income tax withholding surged this week, pushing total collections since late March to within 0.9 percent of the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/514

July 2020 Tax Payments Tracker: July 31 Update [EconTax Blog]

Jul 31, 2020 - July 2020 Tax Payments Tracker: July 31 Update [EconTax Blog] Brian Weatherford In a normal year, April and June are key months for state personal income tax and corporation tax collections, while July is relatively uneventful.
https://lao.ca.gov/LAOEconTax/Article/Detail/511

Income Tax Withholding Tracker: July 27-July 31 [EconTax Blog]

Jul 31, 2020 - Income Tax Withholding Tracker: July 27-July 31 [EconTax Blog] Income Tax Withholding Tracker: July 27-July 31 July 31, 2020 Brian Uhler Bottom Line:   California income tax withholding slumped this week, but total collections since late March are still just 2.2 percent below the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/509

Using Card Spending Data to Track Taxable Sales [EconTax Blog]

Jul 31, 2020 - In this post, we use data on credit card and debit card transactions in California to get a better sense of recent sales tax trends in California. Card Data: Early Spring Decline, Then Strong Growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/508

K-12 Funding by Source [EdBudget]

Jul 28, 2020 - Includes one-time pension payments of $2.8 billion in 2018-19, $1 billion in 2019-20, and $274 million in 2020-21. c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. d Consists of $4.4 billion from the Coronavirus Relief Fund, $1.6 billion from the Elementary
https://lao.ca.gov/Education/EdBudget/Details/446

July 2020 Tax Payments Tracker: July 24 Update [EconTax Blog]

Jul 24, 2020 - July 2020 Tax Payments Tracker: July 24 Update [EconTax Blog] Brian Weatherford In a normal year, April and June are key months for state personal income tax and corporation tax collections, while July is relatively uneventful.
https://lao.ca.gov/LAOEconTax/Article/Detail/506

Income Tax Withholding Tracker: July 20-July 24 [EconTax Blog]

Jul 24, 2020 - Income Tax Withholding Tracker: July 20-July 24 [EconTax Blog] Income Tax Withholding Tracker: July 20-July 24 July 24, 2020 Brian Uhler Bottom Line:   California income tax withholding this week made up for last week ’s decline, and total collections since late March sit at just 1.6 percent below the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/503

Need-Based Financial Aid Award Amounts [EdBudget]

Jul 20, 2020 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit (CATC). The 2020-21 Budget Act reduces the maximum supplemental award amount from $24 to $12 to reflect a decline in available revenues in the CATC Fund.
https://lao.ca.gov/Education/EdBudget/Details/406

Cal Grant Spending [EdBudget]

Jul 20, 2020 - Also does not include an offsetting $5 million decrease in College Access Tax Credit (CATC) funds due to a projected decline in available revenues in the account.  b Less than $500,000 or 0.05 percent.
https://lao.ca.gov/Education/EdBudget/Details/402

July 2020 Tax Payments Tracker [EconTax Blog]

Jul 17, 2020 - July 2020 Tax Payments Tracker [EconTax Blog] Brian Weatherford In a normal year, April and June are key months for state personal income tax and corporation tax collections, while July is relatively uneventful.
https://lao.ca.gov/LAOEconTax/Article/Detail/499