The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - School District Limits. For many years, the state has shifted some of its limit to school districts that would otherwise exceed their limits. However, that shift only occurred in one direction —from the state to districts.
https://lao.ca.gov/Publications/Report/4449

August 2021 Cap-and-Trade Auction Update [EconTax Blog]

Aug 26, 2021 - Of this amount, about $377 million will be allocated to these continuously appropriated programs, and $203 million will be available for discretionary spending, which can be appropriated by the Legislature as part of its remaining 20 21-22 budget discussions or in future years.  
https://lao.ca.gov/LAOEconTax/Article/Detail/690

Home Sales Update: July 2021 [EconTax Blog]

Aug 25, 2021 - Sales typically peak in June and then gradually tail off over the rest of the year, as the above graph shows.  
https://lao.ca.gov/LAOEconTax/Article/Detail/688

Home Prices Update: July 2021 [EconTax Blog]

Aug 25, 2021 - San Francisco ’s average home price is up just 5.5 percent over the past year, and the neighboring and more expensive San Mateo is up 12.6 percent. All the other large counties in the state have seen growth in the vicinity of 20 to 25 percent, with San Francisco ’s relatively affordable neighbors Alameda and Contra Costa seeing higher growth than most.  
https://lao.ca.gov/LAOEconTax/Article/Detail/689

Enrollment by Higher Education Segment [EdBudget]

Aug 24, 2021 - CCC assumes 1 FTE student represents 525 contact hours per year, which on average generates about 24 credits. For undergraduate education, CSU and UC assume 1 FTE student represents 30 credit units. For graduate education, CSU, UC, and Hastings assume 1 FTE student represents 24 credit units.
https://lao.ca.gov/Education/EdBudget/Details/519

The 2021-22 Budget: California Spending Plan Series [Publication Details]

Aug 24, 2021 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2021-22 budget package. As more of these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4464

Cannabis Tax Revenue Update [EconTax Blog]

Aug 23, 2021 - The administration currently estimates that retail excise tax revenue was $172 million and cultivation tax revenue was $40 million in the fourth quarter of fiscal year 2020-21 (April through June). (The overall total is slightly higher due to rounding.)
https://lao.ca.gov/LAOEconTax/Article/Detail/687

July 2021 Jobs Report [EconTax Blog]

Aug 20, 2021 - The local government sector also had a big jump in seasonally adjusted jobs, as most schools went into the month with low staffing levels and as such had many fewer layoffs than usual for July.  
https://lao.ca.gov/LAOEconTax/Article/Detail/686

How Long Do Firms Take from Founding to IPO? [EconTax Blog]

Aug 18, 2021 - Here ‘0 ’ means 0-1 years, ‘1 ’ means 1-2 years, etc. The 478 companies that went public from 2010 to 2016 show a very wide age distribution, as every one-year age bracket up to 13 years had at least 18 IPOs.
https://lao.ca.gov/LAOEconTax/Article/Detail/685

California New Business Creation: July 2021 [EconTax Blog]

Aug 9, 2021 - The standard pattern within a year is for a surge of new business formation at the beginning, then gradual declines as the year goes on. This pattern was upended in 2020: the pandemic caused a big drop in the spring, followed by a surge as the economy began to recover.
https://lao.ca.gov/LAOEconTax/Article/Detail/683