Repaying the State’s Federal Unemployment Insurance Loan

May 26, 2021 - Employers pay both state and federal UI payroll taxes. State UI tax revenues are deposited into the state ’s UI trust fund to pay benefits to unemployed workers. State UI tax rates are set based on rate schedules laid out in state law.
https://lao.ca.gov/Publications/Report/4442

The 2021-22 Spending Plan: Judiciary and Criminal Justice

Oct 6, 2021 - Such funds are remitted to the state by counties that collect more property tax than state law allows them to spend on education. Other Budget Adjustments. The budget also includes various other adjustments.
https://lao.ca.gov/Publications/Report/4460

California Venture Capital Funding, 3rd Quarter 2021 [EconTax Blog]

Nov 5, 2021 - As the graph below shows, the pandemic has not disrupted the flow of VC funding to state firms and may have caused many firms that provide services that cater specifically to remote work to become more attractive VC investments.   
https://lao.ca.gov/LAOEconTax/Article/Detail/711

The 2021-22 Spending Plan: Proposition 98 and K-12 Education

Oct 25, 2021 - State law ordinarily requires districts to provide classroom-based instruction as a condition of receiving state funding. Districts must ensure this instruction meets certain daily and annual requirements for the amount of time students spend under the direct supervision of a credentialed teacher.
https://lao.ca.gov/Publications/Report/4466

August 2021 Jobs Report [EconTax Blog]

Sep 17, 2021 - The figure below shows how employment has evolved in both the state and the nation since the start of the pandemic. Overall employment in the state as of the middle of June  was 5.8 percent below the level of February 2020, considerably worse than the national figure of 3.5 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/695

Net Taxpayer Outmigration Increased During 2017-2019 [EconTax Blog]

Jul 6, 2021 - For context, the state ’s net outflow of 165,355 between 2018 and 2019 represented 0.52 percent of the state ’s 2018 filer population of 31.7 million.           A key driver of migration between California and other states is living costs, particularly the cost of housing.
https://lao.ca.gov/LAOEconTax/Article/Detail/675

Changes in California State University General Fund Spending [EdBudget]

Sep 10, 2021 - The state intends to provide CSU an additional $225 million in each of the subsequent two years for this purpose. e These spending increases are offset by the removal of $20 million in prior-year, one-time funds.
https://lao.ca.gov/Education/EdBudget/Details/530

February 2021 Cap-and-Trade Auction Update [EconTax Blog]

Feb 25, 2021 - Based on the preliminary results, the state will receive an estimated $647 million in revenue from the auction. As shown in Figure 1, this amount is somewhat more than what the state received from the November 2020 auction ($587 million).
https://lao.ca.gov/LAOEconTax/Article/Detail/630

Cannabis Tax Revenue Update [EconTax Blog]

Feb 23, 2022 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. Preliminary Total for Second Quarter of 2021-22: $196 Million. The administration currently estimates that retail excise tax revenue was $157 million and cultivation tax revenue was $39 million in the second quarter of fiscal year 2021-22 (October through December).
https://lao.ca.gov/LAOEconTax/Article/Detail/726

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

Jan 25, 2022 - To inform the 2021 ‑22  budget decisions, DTSC provided the Legislature with an expenditure plan that stated the programs and activities the department intended to augment with the additional revenues from HWCA  and TSCA.
https://lao.ca.gov/Publications/Report/4497