Income Tax Withholding Tracker: October 26 - October 30 [EconTax Blog]

Nov 2, 2020 - Income Tax Withholding Tracker: October 26 - October 30 [EconTax Blog] Income Tax Withholding Tracker: October 26 - October 30 November 2, 2020 Brian Uhler Bottom Line: California income tax withholding collections this week were 1 percent below the comparable week in 2019, and total withholding since late March stands at 3.4 percent above the same period last year.
https://lao.ca.gov/LAOEconTax/Article/Detail/572

Cannabis Tax Revenue Update [EconTax Blog]

Aug 23, 2021 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/687

Income Tax Withholding Tracker: October 19 - October 23 [EconTax Blog]

Oct 23, 2020 - Income Tax Withholding Tracker: October 19 - October 23 [EconTax Blog] Income Tax Withholding Tracker: October 19 - October 23 October 23, 2020 Brian Uhler Bottom Line:   Thanks to a huge day on Wednesday, California income tax withholding collections this week were 27 percent above the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/570

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Federal law requires states to tax the first $7,000 in wages at a minimum. Most states tax a higher amount —only California, Tennessee, Florida, and Arizona tax the minimum. Revenue from the federal tax is collected by the federal government and redistributed to states to cover UI overhead costs.
https://lao.ca.gov/Publications/Report/4615

Income Tax Withholding Tracker: October 12 - October 16 [EconTax Blog]

Oct 16, 2020 - Income Tax Withholding Tracker: October 12 - October 16 [EconTax Blog] Income Tax Withholding Tracker: October 12 - October 16 October 16, 2020 Brian Uhler Bottom Line:   California income tax withholding collections this week were 4 percent below the comparable week in 2019, although total withholding since late March remains 2.4 percent above the same period last year.
https://lao.ca.gov/LAOEconTax/Article/Detail/565

Income Tax Withholding Tracker: October 5 - October 9 [EconTax Blog]

Oct 9, 2020 - Income Tax Withholding Tracker: October 5 - October 9 [EconTax Blog] Income Tax Withholding Tracker: October 5 - October 9 October 9, 2020 Brian Uhler Bottom Line:   California income tax withholding collections over the past two weeks were 9 percent above the comparable weeks in 2019, pushing total withholding since late March to 2.5 percent above the same period last year.
https://lao.ca.gov/LAOEconTax/Article/Detail/561

The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 16, 2022 - Local Property Tax Estimates Reflect Trends in the Housing Market. Growth in property tax revenue is linked with growth in the housing market, but this growth typically lags the market by a few years.
https://lao.ca.gov/Publications/Report/4648

Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog]

Oct 2, 2020 - Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog] Income Tax Withholding Tracker: September 28 - October 2 October 2, 2020 Brian Uhler Bottom Line:   California income tax withholding collections this week were 27 percent below the comparable week in 2019, but this may reflect a timing issue.
https://lao.ca.gov/LAOEconTax/Article/Detail/556

Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog]

Sep 25, 2020 - Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog] Income Tax Withholding Tracker: September 21 - September 25 September 25, 2020 Brian Uhler Bottom Line:   California income tax withholding surged this week, as collections were 40 percent above the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/554

Taxing very high-income taxpayers and dedicating revenues to pandemic prevention. [Ballot]

Nov 5, 2021 - Fiscal Effects New Tax Would Increase State Revenues by $500 Million to $1.5 Billion Annually for Ten Years. State revenues from the new tax likely would range from about $500 million to $1.5  billion annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-022