Income Tax Withholding Tracker: August 10-August 14 [EconTax Blog]

Aug 14, 2020 - Income Tax Withholding Tracker: August 10-August 14 [EconTax Blog] Income Tax Withholding Tracker: August 10-August 14 August 14, 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/522

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

Aug 14, 2020 - In addition to being a general economic indicator, U.S. retail sales can give us a rough sense of the trajectory of sales tax revenues. As noted in a recent post , we also are tracking sales tax performance with spending data from credit and debit cards.
https://lao.ca.gov/LAOEconTax/Article/Detail/520

What Threat Does Sea-Level Rise Pose to California?

Aug 10, 2020 - To the degree local property tax revenues drop, this also could affect the state budget in some years because the California Constitution could require that losses in certain local property tax revenues used to support local schools be backfilled by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4261

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

Building Permits Update: June 2020 [EconTax Blog]

Aug 4, 2020 - The “Inland Empire ” of Riverside and San Bernardino counties recorded 1,240 units, nearly a quarter of the state total. Nonresidential construction permits had a surprising surge in June, driven by large retail projects in San Francisco, Los Angeles, and the unincorporated area of Kern County and large office projects in San Francisco and Irwindale.
https://lao.ca.gov/LAOEconTax/Article/Detail/512

Improving California’s Response to the Environmental and Safety Hazards Caused by Abandoned Mines

Aug 4, 2020 - Counties often refer development projects with potential AML issues to DTSC under the VCP. As a result, it has become a key program for assessing abandoned mine sites. Grants. DTSC has completed and supported grant applications to help cities, counties, and other local agencies secure U.S.
https://lao.ca.gov/Publications/Report/4258

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 - Data users can examine spending by state, county, and metropolitan area. Chase. The JP Morgan Chase Institute has produced geographically detailed data on credit card spending in 16 U.S. metropolitan areas.
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