Strong Tax Collections Belie California's Challenging Fiscal Outlook [Publication Details]

Apr 26, 2022 - Strong Tax Collections Belie California's Challenging Fiscal Outlook [Publication Details] Strong Tax Collections Belie California's Challenging Fiscal Outlook Format: HTML Description: Given the persistent strength in state tax collections, it may come as a surprise that California’s General Fund likely faces a budget problem in the coming years.
https://lao.ca.gov/Publications/Detail/4590

The 2023-24 Budget: Office of the State Public Defender

Feb 15, 2023 - Researchers, academics, and others have spent years developing such expertise. It could be difficult for the state generally to recruit people with this background into less senior and lower-paying classifications —such as the AGPA position classification requested by OSPD.
https://lao.ca.gov/Publications/Report/4680

The 2021-22 Spending Plan: Transportation

Oct 1, 2021 - The initiative also includes an additional $475  million in 2022 ‑23 and $146  million in 2023 ‑24, for a total of $1.1  billion over a three-year period. The total amount consists of the following: (1) $418  million over three years to augment Caltrans litter abatement efforts; (2) $287  million over two years for state beautification projects
https://lao.ca.gov/Publications/Report/4458

The 2022-23 Budget: Wildfire and Forest Resilience Package [Publication Details]

Jan 26, 2022 - In this brief, we provide our initial assessment and recommendations in response to the Governor's wildfire resilience package, which would provide $1.2 billion over two years (including $800 million of new funding) for proposals intended to reduce the risk of severe and damaging wildfires.
https://lao.ca.gov/Publications/Detail/4495

Home Prices Update: August 2021 [EconTax Blog]

Sep 23, 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. August 2021 data again show rapid growth in home prices in both California and the rest of the country over the past year: the typical home in California has appreciated 21.9 percent since August 2020, well above the national figure of 17.7 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/700

California New Business Creation: May 2021 [EconTax Blog]

Jun 10, 2021 - The year over year growth rate in May was much lower than in April, which largely reflects the easing of some pandemic restrictions in May 2020. As the previous graph shows, business formation in May 2021 was little changed from April 2021.  
https://lao.ca.gov/LAOEconTax/Article/Detail/664

Building Permits Update: July 2021 [EconTax Blog]

Sep 7, 2021 - Total permits in 2021 year to date are 28 percent above the same months in 2020. July ’s total of 5,377 single family permits again exceeded the recent average for the month, although the last three months have been closer to the recent monthly average than the year ’s first four months were.
https://lao.ca.gov/LAOEconTax/Article/Detail/693

2021-22 “Big Three” Revenue Outlook Update: April 20, 2022 [EconTax Blog]

Apr 21, 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/732

Income Tax Withholding Tracker: August 1 - August 27 [EconTax Blog]

Sep 7, 2021 - Through the 25th, federal withholding was up 18.9 percent from last year, slightly below the state ’s pace.  
https://lao.ca.gov/LAOEconTax/Article/Detail/692

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - The Governor ’s budget provides a total of $1.2  billion over two years ($600  million in 2022 ‑23 and $600  million in 2023 ‑24) for a new goods movement infrastructure program to be administered by CalSTA.
https://lao.ca.gov/Publications/Report/4540