Five Notable Changes to Community College Apportionment Formula [EdBudget]

Sep 18, 2019 - Uses a Three-Year Rolling Average to Calculate Outcomes-Based Funding. Requires the outcomes-based portion of the formula to be calculated using a three-year rolling average of student outcome data. In 2018-19, allocations to districts were based on o ne year of student outcome data.
https://lao.ca.gov/Education/EdBudget/Details/298

Income Tax Withholding Tracker: June 15-June 19 [EconTax Blog]

Jun 19, 2020 - The second graph compares the year-over-year percent change in withholding (withholding this week relative to the same week in 2019) to the weekly changes  observed from March through June of  2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/483

Income Tax Withholding Tracker: June 8-June 12 [EconTax Blog]

Jun 12, 2020 - The second graph compares the year-over-year percent change in withholding (withholding this week relative to the same week in 2019) to the weekly changes observed from March through June of 2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/479

Building Permits Update: June 2020 [EconTax Blog]

Aug 4, 2020 - The multifamily housing permit total of 2,745 was the lowest figure yet in 2020 and less than half the June average over the previous five years. June is typically the biggest month of the year for multifamily permits.
https://lao.ca.gov/LAOEconTax/Article/Detail/512

November 2020 Cap-and-Trade Auction Update [EconTax Blog]

Dec 4, 2020 - The remaining $164 million in revenues will be available for new discretionary program spending, either in the current year or in future years. (The enacted 2020-21 budget package does not include a detailed discretionary expenditure plan.)
https://lao.ca.gov/LAOEconTax/Article/Detail/588

K-12 Proposition 98 Funding by Program [EdBudget]

Feb 21, 2020 - K-12 Proposition 98 Funding by Program [EdBudget] $2,707 3.8% a Includes $50 million each year for the Quality Rating and Improvement System. For all three years, does not include wrap care provided by nonprofit agencies and, for 2019-20, also does not include part-day preschool programs run by these agencies. b In each of these three years, an
https://lao.ca.gov/Education/EdBudget/Details/330

U.S. Retail Sales Update: February 2021 [EconTax Blog]

Mar 16, 2021 - Last year, in the early stages of the pandemic, the U.S. experienced changes in retail sales that were far larger than any month-to-month swings ever previously recorded. Although the fluctuations over the last few months have been less extreme than those in the first half of 2020, they have been large nevertheless.
https://lao.ca.gov/LAOEconTax/Article/Detail/634

Fiscal Outlook: Focus on Revenues [EconTax Blog]

Nov 20, 2019 - In 2018-19, withholding grew 7  percent year over year. So far this year, however, withholding has grown 6  percent compared to same period in 2018. Moreover, estimated payments are almost 1  percent lower than the same period last year.
https://lao.ca.gov/LAOEconTax/Article/Detail/414

Building Permits Update: March 2021 [EconTax Blog]

May 11, 2021 - Total permits in 2021 year to date are 15 percent above the same months in 2020. February ’s total of 6,440 single family permits was the biggest monthly total since June 2017 and the biggest March total since 2007.
https://lao.ca.gov/LAOEconTax/Article/Detail/652

Repaying the State’s Federal Unemployment Insurance Loan

May 26, 2021 - The federal UI tax rate continues to increase by increments of 0.3  percentage points each year until the loans are fully repaid, at which point the federal tax returns to its usual rate of 0.6  percent.
https://lao.ca.gov/Publications/Report/4442