Building Permits Update: June 2021 [EconTax Blog]

Aug 5, 2021 - Single family activity has rebounded since last spring ’s pandemic-driven slump, as prices have risen sharply in most of the state ’s metropolitan areas. The Inland Empire, Sacramento, and Los Angeles areas had the most permits in that order, which is the typical pattern.
https://lao.ca.gov/LAOEconTax/Article/Detail/682

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - State EITC Unaffected by Federal Changes. These changes are not expected to affect California ’s own EITC, as its relevant provisions are specified in state statute and are not linked to the federal provisions that changed under the ARP.
https://lao.ca.gov/Publications/Report/4410

State Wildfire Response Costs Estimated to Be Higher Than Budgeted

Oct 19, 2020 - State Wildfire Response Costs Estimated to Be Higher Than Budgeted October 19, 2020 State Wildfire Response Costs Estimated to Be Higher Than Budgeted The Department of Forestry and Fire Protection (CalFire) is responsible for wildland fire protection in State Responsibility Areas (SRAs), which are primarily privately owned wildlands that encompass about one-third of the state.
https://lao.ca.gov/Publications/Report/4285

Legislative Oversight of Ongoing Challenges at EDD [Publication Details]

Jan 26, 2021 - Assembly Budget Subcommittee No. 4 on State Administration
https://lao.ca.gov/Publications/Detail/4319

Proposition 19 [Ballot]

Nov 3, 2020 - This is because existing state law could cause state funding for schools to decrease by about the same amount as their property tax gains. If this happens, the state would get cost savings in those years.
https://lao.ca.gov/BallotAnalysis/Proposition?number=19&year=2020

An Analysis of University Reserves

Nov 10, 2020 - State law is silent even on whether the state or the universities are responsible for helping campuses respond to downturns. Moreover, state law offers no guidance on either minimum or maximum university reserve levels.
https://lao.ca.gov/Publications/Report/4295

Major Potential State Fiscal Risk Averted Following Withdrawal of Proposed Federal Medicaid Financing Regulation

Sep 21, 2020 - The state levies a fee on stays in private hospitals. Revenues from this fee are used to increase hospital payments and help fund the Medi-Cal program. Managed Care Organization (MCO) Tax. The state imposes a tax on MCOs, revenues from which are used to help fund Medi-Cal.
https://lao.ca.gov/Publications/Report/4269

An Analysis of University Reserves [Publication Details]

Nov 10, 2020 - Importantly, though the state viewed the universities’ reserves as a budget tool for mitigating funding reductions this year, state law is silent on the level of reserves CSU and UC are to carry, the purposes of those reserves, and the interaction of those reserves with the state’s reserves.
https://lao.ca.gov/Publications/Detail/4295

Home Sales Update: June 2021 [EconTax Blog]

Jul 28, 2021 - Historically low mortgage rates, strong income growth among the state’s higher earners, and possibly the increased emphasis on working from home have contributed to the recent boom, although it now appears that the sharp increases in prices in most of the state may be tempering buyers’ enthusiasm to some extent.
https://lao.ca.gov/LAOEconTax/Article/Detail/680

The 2021-22 Budget: California's Fiscal Outlook

Nov 18, 2020 - …But State Also Faces an Operating Deficit Beginning in 2021 ‑22. Under our main forecast, General Fund revenues from the state ’s three largest sources would grow at an average annual rate of less than 1  p ercent.
https://lao.ca.gov/Publications/Report/4297