California New Business Creation: February 2022 [EconTax Blog]

Mar 16, 2022 - 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. In 2020, new business creation was significantly disrupted by the COVID-19 pandemic.
https://lao.ca.gov/LAOEconTax/Article/Detail/727

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

Feb 17, 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/725

COVID-19: Federal and State Actions Affecting K-12 Education and Child Care [Publication Details]

May 14, 2020 - In this post, we discuss actions the federal and state governments have taken to assist K-12 schools and child care providers in responding to coronavirus disease 2019 (COVID-19).
https://lao.ca.gov/Publications/Detail/4231

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

Jul 6, 2021 - The right column shows migration as a share of the previous year ’s filers, with the darkest shade of green indicating a net inflow of more than 1 percent of the previous year ’s population, and the darkest shade of red indicating a net outflow of more than 0.75 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/675

Enhancing Federal Financial Participation for Consumers Served by the Department of Developmental Services

Nov 9, 2021 - (Some individuals —particularly children —receive only case management from RCs and either do not need RC ‑coordinated services or receive the needed services outside of the RC system, such as through schools.)
https://lao.ca.gov/Publications/Report/4471

August 2021 State Tax Collections [EconTax Blog]

Sep 20, 2021 - August 2021 State Tax Collections [EconTax Blog] Seth Kerstein Through the first two months of the 2021-22 fiscal year, collections from the state ’s three largest taxes —personal income, corporation, and sales taxes —are running 20 percent ($3.6 billion) ahead of budget projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/699

August 2021 State Tax Collections [EconTax Blog]

Sep 20, 2021 - August 2021 State Tax Collections [EconTax Blog] Seth Kerstein Through the first two months of the 2021-22 fiscal year, collections from the state ’s three largest taxes —personal income, corporation, and sales taxes —are running 20 percent ($3.6 billion) ahead of budget projections.
https://lao.ca.gov/LAOEconTax/article/Detail/699

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

The 2022-23 Budget: Temporary Limits on Business Tax Provisions [Publication Details]

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Detail/4500

California New Business Creation: July 2021 [EconTax Blog]

Aug 9, 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/683