Net Taxpayer Outmigration Increased During 2017-2019 [EconTax Blog]

Jul 6, 2021 - The right column shows migration as a share of the previous year ’s filers, with the darkest shade of green indicating a net inflow of more than 1 percent of the previous year ’s population, and the darkest shade of red indicating a net outflow of more than 0.75 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/675

Building Permits Update: May 2021 [EconTax Blog]

Jul 5, 2021 - Total permits in 2021 year to date are 33 percent above the same months in 2020. May ’s total of 5,295 single family permits was barely above the recent average for the month, in contrast to the first four months of the year which all saw permit activity well above their recent averages.
https://lao.ca.gov/LAOEconTax/Article/Detail/673

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2020. Number of Patients Served. In 2020, licensees identified 13, 278 t ransactions as medicinal donations.
https://lao.ca.gov/Publications/Report/4447

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

Jun 25, 2021 - The first graph shows that withholding payments through 19 collection days  (25 calendar days)  in June 2021 are up 24.8 percent from the first 19 collection days in June 2020, when the state economy was still reeling from the early stage of the COVID-19 pandemic.
https://lao.ca.gov/LAOEconTax/Article/Detail/670

The 2021-22 Budget: Labor Agreements Ending Personal Leave Program 2020

Jun 25, 2021 - Pursuant to the agreement, between 2021 ‑22 and 2024 ‑25, the amount contributed by employees would increase and the amount contributed by the state would decrease such that employees and the state each contribute 3.4  percent of pay beginning in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4446

Home Prices Update: May 2021 [EconTax Blog]

Jun 24, 2021 - In the longer term, chronically high housing costs have hurt the state ’s business climate and been a key reason California loses residents to other states on net in most years. May 2021 data show rapidly accelerating home price growth in both California and the rest of the country over the past year: the typical home in California has appreciated 15.4 percent since May 2020, somewhat above the national figure of 13.2 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/668

May 2021 Jobs Report [EconTax Blog]

Jun 18, 2021 - The next graph isolates aggregate employment in the other sectors and shows that California has gradually been closing the gap this year. The next figure summarizes nonfarm employment by sector based on the monthly survey of employers.
https://lao.ca.gov/LAOEconTax/Article/Detail/667

The 2021-22 May Revision—Child Welfare Budget Proposals

Jun 11, 2021 - The display adjustments include partial changes in 2020 ‑21 and full ‑year changes in 2021 ‑22. This resulted in what appears to be a year ‑over ‑year change for county funds of more than $1.5 billion.
https://lao.ca.gov/Publications/Report/4444

California New Business Creation: May 2021 [EconTax Blog]

Jun 10, 2021 - The year over year growth rate in May was much lower than in April, which largely reflects the easing of some pandemic restrictions in May 2020. As the previous graph shows, business formation in May 2021 was little changed from April 2021.  
https://lao.ca.gov/LAOEconTax/Article/Detail/664

Building Permits Update: April 2021 [EconTax Blog]

Jun 9, 2021 - Permits have been at least 25 percent above the 2015-19 average every month this year. The Inland Empire, Sacramento, and Los Angeles areas had the most permits as usual, but the Oakland and Fresno areas also posted high totals.
https://lao.ca.gov/LAOEconTax/Article/Detail/663