The 2022-23 Budget: CCC Chancellor's Office Staffing [Publication Details]

Mar 29, 2022 - Provides background on the California Community Colleges Chancellor's Office, discusses the Governor's proposal to add 19 new staffing positions and associated funding over a two-year period, and assesses and offers recommendations on the proposal.
https://lao.ca.gov/Publications/Detail/4579

California New Business Creation: July 2021 [EconTax Blog]

Aug 9, 2021 - The standard pattern within a year is for a surge of new business formation at the beginning, then gradual declines as the year goes on. This pattern was upended in 2020: the pandemic caused a big drop in the spring, followed by a surge as the economy began to recover.
https://lao.ca.gov/LAOEconTax/Article/Detail/683

The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4472

Income Tax Withholding Tracker: November 1 - November 30 [EconTax Blog]

Nov 30, 2021 - Through November 27, federal withholding was up 20.2 percent from last year, somewhat below the state ’s pace.  
https://lao.ca.gov/LAOEconTax/Article/Detail/719

The 2022-23 Budget: Local Control Funding Formula [Publication Details]

Jan 28, 2022 - In his January budget, the Governor proposes to provide a 5.33 percent cost-of-living adjustment to the Local Control Funding Formula (LCFF) and change the formula to soften the impact of declining attendance on school districts. In this post, we provide background on LCFF, describe and assess the Governor’s proposals, and provide our recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/4505

The 2022-23 Budget: Fuel Tax Rates [Publication Details]

Feb 11, 2022 - The 2022-23 Budget: Fuel Tax Rates [Publication Details] Description: In this post, we analyze the Governor’s proposed one-year fuel tax holiday. This proposal presents the Legislature with a tradeoff between reducing fuel expenses and funding state highway projects.
https://lao.ca.gov/Publications/Detail/4528

California New Business Creation: September 2021 [EconTax Blog]

Oct 14, 2021 - The standard pattern within a year is for a surge of new business formation at the beginning, then gradual declines as the year goes on. So far 2021 has seen the normal pattern with a peak in January, although with significantly more firms than usual being created in each week of the year.
https://lao.ca.gov/LAOEconTax/Article/Detail/704

Home Prices Update: September 2021 [EconTax Blog]

Oct 20, 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. September 2021 data again show torrid growth in home prices in both California and the rest of the country over the past year: the typical home in California has appreciated 21.8 percent since September 2020, well above the national figure of 18.4 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/706

Theft crimes. [Ballot]

Jan 12, 2022 - For example, if the affected property is worth more than $50,000, a year would be added to the person’s sentence. If the property is worth more than $200,000, then two years would be added. Fiscal Effects Increased State Criminal Justice System Costs.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-041

Income Tax Withholding Tracker: October 1 - October 31 [EconTax Blog]

Nov 3, 2021 - Through October, federal withholding was up 19.5 percent from last year, slightly below the state ’s pace.  
https://lao.ca.gov/LAOEconTax/Article/Detail/710