Home Sales Update: February 2021 [EconTax Blog]

Apr 5, 2021 - Strong sales growth continued through the middle of March, although the spread between this year and last year has narrowed lately.  
https://lao.ca.gov/LAOEconTax/Article/Detail/638

Income Tax Withholding Tracker: March 1 - March 29 [EconTax Blog]

Mar 30, 2021 - The first graph shows that withholding payments through 21 collection days (29 calendar days) in March 2021 are up 20.3 percent from the first 21 collection days in March 2020. The effects of the pandemic began to show up in the withholding data in the second half of March 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/636

The 2021-22 Budget: “Cradle to Career” Data System

Mar 26, 2021 - Most school districts, every community college, and some public and private four ‑year institutions voluntarily participate in Cal ‑PASS Plus, a project overseen by the CCC Chancellor ’s Office. Cal ‑PASS Plus links data from participating institutions, then analyzes the data.
https://lao.ca.gov/Publications/Report/4409

The 2021-22 Budget: Assessment of CalHEERS Dashboard

Mar 25, 2021 - While the majority of issues are targeted to be addressed in CalHEERS releases over the next 24 m onths (informing the 24 ‑month CalHEERS roadmap), some issues are scheduled to be addressed in a 2024 r elease once the state migrates from its current SAWS to a single system called the CalSAWS.
https://lao.ca.gov/Publications/Report/4408

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - State and local governments have until December 31, 2024 to use the funds. Restrictions on Use of Funds. There are two restrictions on the use of the fiscal recovery funds. First, state and local governments are prohibited from using the funds to make supplemental pension payments.
https://lao.ca.gov/Publications/Report/4407

February 2021 State Tax Collections [EconTax Blog]

Mar 22, 2021 - The increase in the windfall, however, will be considerably smaller than the amount of surplus tax collections as much of the money will go toward satisfying constitutional school funding and reserve requirements.
https://lao.ca.gov/LAOEconTax/Article/Detail/635

The 2021-22 Budget: Department of Toxic Substances Control

Mar 19, 2021 - For instance, the initial rate for businesses with more than 1, 000 e mployees would be $56, 000 p er year, but the maximum level would be set at $112, 000 p er year. The cap would be adjusted annually for inflation according to the Consumer Price Index beginning in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4406

K-12 Proposition 98 Funding by Program [EdBudget]

Mar 18, 2021 - K-12 Proposition 98 Funding by Program [EdBudget]     a Includes $50 million each year for Quality Rating and Improvement System. Beginning in 2019-20, excludes part-day programs operated by nonprofit agencies. b The 2020-21 budget plan provides an additional $4.8 billion in federal funds for learning loss mitigation. c The Governor's 2021-22 budget also includes $165 million in
https://lao.ca.gov/Education/EdBudget/Details/486

Child Custody and Juvenile Dependency. [Ballot]

Mar 17, 2021 - This can include decisions about where the child lives and goes to school, as well as decisions about certain activities, such as those related t o religion or travel. If two people (such as the child ’s parents) have joint legal custody, then both are able to make the above decisions either separately or together.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-001

U.S. Retail Sales Update: February 2021 [EconTax Blog]

Mar 16, 2021 - Last year, in the early stages of the pandemic, the U.S. experienced changes in retail sales that were far larger than any month-to-month swings ever previously recorded. Although the fluctuations over the last few months have been less extreme than those in the first half of 2020, they have been large nevertheless.
https://lao.ca.gov/LAOEconTax/Article/Detail/634