California gaming activities. [Ballot]

Oct 1, 2021 - Revenues in exces s of the limit may only be used for taxpayer rebates and additional school payments. Other Fiscal Effects. This measure could result in various other fiscal impacts on the state and local governments.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-009

The 2021-22 Spending Plan: Transportation

Oct 1, 2021 - The initiative also includes an additional $475  million in 2022 ‑23 and $146  million in 2023 ‑24, for a total of $1.1  billion over a three-year period. The total amount consists of the following: (1) $418  million over three years to augment Caltrans litter abatement efforts; (2) $287  million over two years for state beautification projects
https://lao.ca.gov/Publications/Report/4458

Reducing the Destructiveness of Wildfires: Promoting Defensible Space in California

Sep 30, 2021 - Specifically, 21 p ercent of reporting agencies had compliance rates below 25 p ercent, while 38 p ercent had compliance rates above 75 p ercent. In the box below, we discuss some issues related to why measuring compliance rates is a valuable, though imperfect, measure of wildfire risk reduction, as well as why there is no clear optimal compliance rate that the state should target.
https://lao.ca.gov/Publications/Report/4457

Public sector unions and collective bargaining. [Ballot]

Sep 28, 2021 - In order to receive the full benefi t, state employees must retire with at least 20  or 25 years of service, depending on the vesting schedule. Eligible state employees receive a benefit for life, even after they are eligible for Medicare.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-008

Funding for students attending private schools and homeschool. [Ballot]

Sep 27, 2021 - (The law waives a few rules for small schools.) Funding Private Schools Generate Most of Their Revenue From Tuition. Available data suggest that private school tuition in California averages roughly $12,000 per year for elementary schools and $20,000 per year for high schools.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-006

Income Tax Withholding Tracker: September 1 - September 24 [EconTax Blog]

Sep 24, 2021 - Through the 25th, federal withholding was up 19.6 percent from last year, somewhat below the state ’s pace.  
https://lao.ca.gov/LAOEconTax/Article/Detail/702

Home Prices Update: August 2021 [EconTax Blog]

Sep 23, 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. August 2021 data again show rapid growth in home prices in both California and the rest of the country over the past year: the typical home in California has appreciated 21.9 percent since August 2020, well above the national figure of 17.7 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/700

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - The spending plan includes a one-time appropriation of $25  million General Fund in 2021 ‑22 (available for encumbrance or expenditure until June 30, 2024) for the department to fund technology modernization solutions proposed by state entities.
https://lao.ca.gov/Publications/Report/4452

August 2021 State Tax Collections [EconTax Blog]

Sep 20, 2021 - August 2021 State Tax Collections [EconTax Blog] Seth Kerstein Through the first two months of the 2021-22 fiscal year, collections from the state ’s three largest taxes —personal income, corporation, and sales taxes —are running 20 percent ($3.6 billion) ahead of budget projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/699

August 2021 State Tax Collections [EconTax Blog]

Sep 20, 2021 - August 2021 State Tax Collections [EconTax Blog] Seth Kerstein Through the first two months of the 2021-22 fiscal year, collections from the state ’s three largest taxes —personal income, corporation, and sales taxes —are running 20 percent ($3.6 billion) ahead of budget projections.
https://lao.ca.gov/LAOEconTax/article/Detail/699