Proposition 19 [Ballot]

Nov 3, 2020 - Property taxes raise around $65  billion each year for these local governments. How Is a Property Tax Bill Calculated?   Each property owner ’s annual property tax bill is equal to the taxable value of their property multiplied by their property tax rate.
https://lao.ca.gov/BallotAnalysis/Proposition?number=19&year=2020

Proposition 21 [Ballot]

Nov 3, 2020 - State and Local Government Tax Revenues.  Three taxes are the largest sources of tax revenue for the state and local governments in California —personal income tax, property tax, and sales tax. The state collects a personal income tax on income —including rent received by landlords —earned within the state.
https://lao.ca.gov/BallotAnalysis/Proposition?number=21&year=2020

Proposition 22 [Ballot]

Nov 3, 2020 - They would pay state income taxes on these increased gains. The amount of increased state personal income taxes paid by drivers and stockholders is unknown, but likely minor. Summary of Fiscal Effects This measure would have the following fiscal effect: Minor increase in state income taxes paid by rideshare and delivery company drivers and investors.  
https://lao.ca.gov/BallotAnalysis/Proposition?number=22&year=2020

Proposition 24 [Ballot]

Nov 3, 2020 - Potential Impacts on Tax Revenues. The proposition would have various impacts on business and consumers, which could then impact state and local tax revenues. On the one hand, the proposition could reduce tax revenues.
https://lao.ca.gov/BallotAnalysis/Proposition?number=24&year=2020

Proposition 25 [Ballot]

Nov 3, 2020 - Impact on State and Local Tax Revenues. This proposition would impact both state and local tax revenues. On the one hand, it would reduce state and local tax revenues. For example, insurance companies would no longer pay taxes on bail bond fees.
https://lao.ca.gov/BallotAnalysis/Proposition?number=25&year=2020

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

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

The 2020-21 Spending Plan: Judiciary and Criminal Justice

Oct 22, 2020 - Excess Property Tax Offset. The budget includes a $93.3  million reduction in General Fund support for trial court operations in 2020 ‑21 in order to reflect the availability of property tax revenue in accordance with Control Section 15.45 and Section 2578 of the Education Code.
https://lao.ca.gov/Publications/Report/4288

September 2020 State Tax Collections [EconTax Blog]

Oct 19, 2020 - September 2020 State Tax Collections [EconTax Blog] Seth Kerstein September revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of budget projections by $4 billion (42 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/568

Card Spending Update: September 2020 [EconTax Blog]

Oct 19, 2020 - To do this, we use an index—a weighted average of different spending categories—designed to track movements in California’s sales tax base. In this post, we update the index to include September data.
https://lao.ca.gov/LAOEconTax/Article/Detail/566