The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The rate includes: 3. 94  p ercent for the state ’s General Fund. 3. 31  p ercent to 6. 56  p ercent for various local programs, including 1. 06  p ercent to counties for criminal justice, mental health, and social services under 2011 Realignment.
https://lao.ca.gov/Publications/Report/4327

Update on Community College Reserves

Jan 27, 2021 - Local reserves also allow colleges to handl e lower-than-budgeted local property tax receipts or unexpected drops in enrollment. Additionally, local reserves help colleges manage their cash flow and pay their bills while awaiting receipt of funds.
https://lao.ca.gov/Publications/Report/4323

Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog]

Jan 26, 2021 - Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog] Income Tax Withholding Tracker: January 1 - January 25 January 26, 2021 Brian Uhler Bottom Line: California income tax withholding collections in January to date are 7 percent above January 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/614

December 2020 State Tax Collections [EconTax Blog]

Jan 20, 2021 - December 2020 State Tax Collections [EconTax Blog] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/LAOEconTax/Article/Detail/612

U.S. Retail Sales Update: December 2020 [EconTax Blog]

Jan 15, 2021 - U.S. retail sales declined by 0.7% from November to December, but sales for the full year were 0.4% higher than 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/611

Card Spending Update: December 2020 [EconTax Blog]

Jan 14, 2021 - 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 December data and to incorporate data revisions for earlier months.
https://lao.ca.gov/LAOEconTax/Article/Detail/610

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - These include: $750  Million to Strengthen County “Behavioral Health Continuum. ” As described earlier, the Governor proposes $750  million General Fund —made available over three years —for competitive grants to counties to purchase or renovate real estate for behavioral health facilities.
https://lao.ca.gov/Publications/Report/4309

A Framework for Evaluating State-Level Green Stimulus Proposals

Jan 5, 2021 - However, there is often a lag between when the tax is collected and when the money is spent. As a result, the economic effects from collecting the tax might be negative in the short term, even if the net economic effects over the longer term are more uncertain.
https://lao.ca.gov/Publications/Report/4308

Income Tax Withholding Tracker: December 1 - December 23 [EconTax Blog]

Dec 23, 2020 - Income Tax Withholding Tracker: December 1 - December 23 [EconTax Blog] Income Tax Withholding Tracker: December 1 - December 23 December 23, 2020 Brian Uhler Bottom Line:   California income tax withholding collections in December to date are 19 percent above December 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/603

Home Prices Update: November 2020 [EconTax Blog]

Dec 22, 2020 - The graph below shows appreciation over the past 12 months for the state ’s 15 largest counties, and suggests that the shift to remote work has been a key factor in recent price changes. San Francisco has long been northern California ’s largest business hub, and historically a large share of its work force has commuted in from other counties.
https://lao.ca.gov/LAOEconTax/Article/Detail/602