The 2021-22 Budget: California Arts Council

Feb 1, 2021 - This net change primarily reflects increased funding to establish a new grant program (discussed in more detail below) and other budget adjustments (such as the expiration of funds provided in prior years).
https://lao.ca.gov/Publications/Report/4337

Home Sales Update: December 2020 [EconTax Blog]

Jan 29, 2021 - January sales are running below the levels of previous months, but this is a standard annual pattern and the pace remains well ahead of a year ago.  
https://lao.ca.gov/LAOEconTax/Article/Detail/616

The 2021-22 Budget: Extended Learning and Academic Support

Jan 29, 2021 - We find that providing such a large amount of one-time funding to schools in one year raises several concerns: Given the uncertainty regarding school reopening, districts may have difficulty planning and spending such a large amount of funding over one year.
https://lao.ca.gov/Publications/Report/4326

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Under its own revenue forecast, assuming the suspensions were operative, the administration estimates operating deficits would grow from $7. 6  b illion in 2022 ‑ 23 t o $11. 3  b illion in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4328

The 2021-22 Budget: Extended Learning and Academic Support [Publication Details]

Jan 29, 2021 - In this post, we provide background on school closures and recent funding to address learning loss, describe the Governor’s proposal to allocate $4.6 billion to schools in spring 2021 to address student learning loss caused by the coronavirus disease 2019 pandemic, assess the proposal, and describe our recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/4326

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Chapter   677 o f 2012 (S B  1128 , Padilla) prohibits CAEATFA from approving more than $ 100  m illion of exclusions in any calendar year. This cap has become more binding over time. Before 2019, exclusions were available for most of the year.
https://lao.ca.gov/Publications/Report/4327

Increasing Oversight of the State Litigation Deposit Fund

Jan 28, 2021 - For example, the Legislature could decide to provide the Consumer Law Section with 75  p ercent of funding for the section from the UCL and 25  p ercent from the General Fund in one year based on its anticipated workload.
https://lao.ca.gov/Publications/Report/4322

Update on Community College Reserves

Jan 27, 2021 - Since June 2020, the state ’s fiscal outlook, as well as the Proposition  98 outlook for school and community college funding, has improved. Developments over just the past couple of months also bode well for community colleges.
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

The 2021-22 Budget: Overview of Proposition 98 Budget Proposals [Publication Details]

Jan 25, 2021 - This handout analyzes the overall architecture of the Governor's plan for school and community college funding, including major spending proposals and underlying estimates of the Proposition 98 minimum guarantee.
https://lao.ca.gov/Publications/Detail/4318