Cannabis Tax Revenue Update [EconTax Blog]

Nov 30, 2021 - The administration currently estimates that retail excise tax revenue was $169 million and cultivation tax revenue was $42 million in the first quarter of fiscal year 2021-22 (July through September).
https://lao.ca.gov/LAOEconTax/Article/Detail/717

California New Business Creation: March 2021 [EconTax Blog]

Apr 7, 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/642

Home Sales Update: October 2021 [EconTax Blog]

Nov 30, 2021 - The weekly counts from late July through October were very similar to the same weeks in 2020, but November ’s counts are noticeably lower than last year ’s.  
https://lao.ca.gov/LAOEconTax/Article/Detail/718

California Community Colleges Continuing Capital Outlay Projects [EdBudget]

Oct 1, 2021 - State costs for all years are $4.9 million higher than the amount approved in 2020-21 and total costs are $9.8 million higher. C = construction. 
https://lao.ca.gov/Education/EdBudget/Details/527

Proposed statutory initiative related to consumer privacy. [Ballot]

Dec 2, 2019 - Under the measure, each fiscal year after offsetting the state court and DOJ costs, 91  percent of remaining funds would be invested by the State Treasurer with any interest or earnings transferred to the state General Fund.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-021

Monthly Jobs Report [EconTax Blog]

Sep 20, 2022 - Preliminary reports suggest the state added 43,000 jobs in May. We interpret these figures with caution because recent reports have overstated the strength of the state's labor market in a few ways. First, recent reports have routinely overestimated job growth. Over the past 15 months, the preliminary report has been revised down by an average of 30,000 jobs each month.
https://lao.ca.gov/LAOEconTax/Article/Detail/755

Monthly Jobs Report [EconTax Blog]

Sep 20, 2022 - Preliminary reports suggest the state added 43,000 jobs in May. We interpret these figures with caution because recent reports have overstated the strength of the state's labor market in a few ways. First, recent reports have routinely overestimated job growth. Over the past 15 months, the preliminary report has been revised down by an average of 30,000 jobs each month.
https://lao.ca.gov/LAOEconTax/article/Detail/755

Cannabis Tax Revenue Update [EconTax Blog]

Jun 2, 2021 - The administration currently estimates that retail excise tax revenue was $132 million and cultivation tax revenue was $31 million in the third quarter of fiscal year 2020-21 (January through March).
https://lao.ca.gov/LAOEconTax/Article/Detail/661

The 2022-23 Budget: Zero-Emission Vehicle Package

Feb 23, 2022 - These estimates include only projects implemented in the last few years. Technology Advancement. This is based on our assessment of the degree to which each program could help promote zero ‑emission technologies.
https://lao.ca.gov/Publications/Report/4561

Home Prices Update: April 2021 [EconTax Blog]

May 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. April 2021 data show continued rapid home price growth in both California and the rest of the country over the past year: the typical home in California has appreciated 12.5 percent since April 2020, somewhat above the national figure of 11.5 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/656