U.S. Retail Sales Update: December 2023 [EconTax Blog]

Jan 17, 2024 - U.S. retail sales have grown 0.7 percent over the last 3 months and 5.6 percent over the last 12 months. Both of these growth rates outpaced inflation.
https://lao.ca.gov/LAOEconTax/article/Detail/794

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - For example, the Governor proposes narrowing businesses ’ ability to reduce their tax bill by counting previous losses against their current income. This would generate about $300  million in additional revenue in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4825

Assessing Early Implementation of Urban Water Use Efficiency Requirements

Jan 4, 2024 - Many urban water suppliers are public entities —such as cities, counties, or special districts —while some are private investor ‑owned utilities. Public water suppliers serve about eight in ten Californians.
https://lao.ca.gov/Publications/Report/4823

State Assistance to Businesses in Response to COVID-19

Jan 4, 2024 - Larger Metro Regions Received More PPP ‑Related Tax Relief and State Grants. We  also examined how PPP eligible for state tax relief and SBCRG were distributed across metro area. As Figure 6 shows, per business in the area, larger metro regions tended to receive more in both types of assistance, most notably, Los Angeles, San  Francisco, and San Jose.
https://lao.ca.gov/Publications/Report/4824