The 2022-23 Budget: California Spending Plan Series [Publication Details]

Sep 29, 2022 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2022-23 budget package. As more of these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4629

U.S. Retail Sales Update: August 2022 [EconTax Blog]

Sep 15, 2022 - Inflation-Adjusted Retail Sales Grew Modestly Over Past Year. Across all goods and services purchased by consumers, U.S. prices grew 0.1 percent from July to August. From August 2021 to August 2022, prices grew 8.3 percent, somewhat less than the 9.1 percent growth in nominal sales over that twelve-month period.  
https://lao.ca.gov/LAOEconTax/Article/Detail/754

Living Under Smoky Skies—Understanding the Challenges Posed by Wildfire Smoke in California [Publication Details]

Nov 14, 2022 -
https://lao.ca.gov/Publications/Detail/4644

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - Companies and individuals often incur operating losses associated with their business activities in some years. These companies are able to carry the net operating losses (NOLs) forward into future tax years and deduct NOLs from their operating income.
https://lao.ca.gov/Publications/Report/4500

Home Sales Update: March 2021 [EconTax Blog]

Apr 28, 2021 - California home sales have been running well above their historical average for more than half a year now.
https://lao.ca.gov/LAOEconTax/Article/Detail/647

The 2022-23 Budget: Department of Toxic Substances Control Reform Implementation

Jan 25, 2022 - The proposed amount reflects a decrease of $ 355  m illion, or   41  p ercent, compared to projected current ‑year expenditures. The  year ‑to ‑year change largely reflects some one ‑time funds the department received in 2021 ‑22  that are not sustained at the same levels in the 2022 ‑23  proposal, including the $300  million to address brownfields as well as funding related to the Exide  facility.
https://lao.ca.gov/Publications/Report/4497

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 2022-23 Budget: Transportation Infrastructure Package

Feb 15, 2022 - Within IIJA, there is a new five ‑year federal surface transportation reauthorization that replaced the expired Fixing America ’s Surface Transportation (FAST) Act. In total, IIJA authorizes $567  billion in spending for federal transportation programs over five years, which is an increase of $274  billion above previous FAST Act spending levels over five years.
https://lao.ca.gov/Publications/Report/4536

2021-22 “Big Three” Revenue Outlook Update: March 2022 [EconTax Blog]

Mar 28, 2022 - As we discuss   here , we expect the Legislature very likely will face additional, significant constraints this year due to the requirements of the State Appropriations Limit.  
https://lao.ca.gov/LAOEconTax/Article/Detail/729

Building Permits Update: September 2020 [EconTax Blog]

Nov 3, 2020 - California records nearly 10,000 housing permits in September, the highest monthly total to date this year.
https://lao.ca.gov/LAOEconTax/Article/Detail/574