U.S. Retail Sales Update: December 2020 [EconTax Blog]

Jan 15, 2021 - …But Monthly Sales Remain Higher Than Last Year. Despite the decline noted above, December marked the seventh straight month in which sales were higher than last year. In particular, sales in December 2020 were 2.9 percent higher than sales in December 2019. 2020 ’s Full-Year Total Slightly Exceeds 2019 ’s.
https://lao.ca.gov/LAOEconTax/Article/Detail/611

The 2021-22 Spending Plan: Broadband Infrastructure [Publication Details]

Oct 27, 2021 - The 2021-22 Spending Plan: Broadband Infrastructure [Publication Details] The 2021-22 Spending Plan: Broadband Infrastructure Format: HTML Description: As part of the 2021‑22 spending plan, the administration and the Legislature agreed to spend $6 billion ($1.7 billion General Fund) over three fiscal years (starting in 2021‑22) on broadband infrastructure.
https://lao.ca.gov/Publications/Detail/4467

The 2020-21 Spending Plan: Human Services

Oct 23, 2020 - Between April 23, 2020 and August 3, 2020, IHSS parent providers in two-parent households were allowed to continue to be paid IHSS providers even if the second parent becomes a suit able care provider because the parent is not working or attending school or vocational program.
https://lao.ca.gov/Publications/Report/4286/3

The 2021-22 Budget: Educator Workforce Proposals [Publication Details]

Feb 19, 2021 - In this post, we analyze the Governor’s proposals to address teacher shortages, as well as his proposals to provide additional professional development for school staff. For each, we provide background, describe the Governor’s proposals, assess these proposals, and offer associated recommendations.
https://lao.ca.gov/Publications/Detail/4381

Enhancing Federal Financial Participation for Consumers Served by the Department of Developmental Services—An Interim Update

Apr 19, 2021 - (Some individuals —particularly children —receive only case management services from RCs, but either do not need additional services at the time or receive needed services outside of the RC system, such as through schools.)
https://lao.ca.gov/Publications/Report/4415

Home Prices Update: March 2021 [EconTax Blog]

Apr 28, 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. March 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 11.2 percent since March 2020, somewhat above the national figure of 10.6 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/645

Income Tax Withholding Tracker: December 1 - December 23 [EconTax Blog]

Dec 23, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/603

2021-22 “Big Three” Revenue Outlook Update: October 2021 [EconTax Blog]

Oct 22, 2021 - As reflected by the width of this range, with so much of the fiscal year ahead of us there remains significant uncertainty about how much the state ultimat ely will collect.  We also caution that the implications of unanticipated revenues for the state 's budget are not straightforward.
https://lao.ca.gov/LAOEconTax/Article/Detail/707

California New Business Creation: January 2021 [EconTax Blog]

Feb 4, 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/621

Home Prices Update: February 2021 [EconTax Blog]

Apr 5, 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. February 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 10.9 percent since February 2020, somewhat above the national figure of 9.9 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/637