Income Tax Withholding Tracker: September 1 - September 24 [EconTax Blog]

Sep 24, 2021 - Through the 25th, federal withholding was up 19.6 percent from last year, somewhat below the state ’s pace.  
https://lao.ca.gov/LAOEconTax/Article/Detail/702

Cannabis Tax Revenue Update [EconTax Blog]

Jun 2, 2021 - The administration currently estimates that retail excise tax revenue was $132 million and cultivation tax revenue was $31 million in the third quarter of fiscal year 2020-21 (January through March).
https://lao.ca.gov/LAOEconTax/Article/Detail/661

The 2021-22 May Revision—Child Welfare Budget Proposals

Jun 11, 2021 - The display adjustments include partial changes in 2020 ‑21 and full ‑year changes in 2021 ‑22. This resulted in what appears to be a year ‑over ‑year change for county funds of more than $1.5 billion.
https://lao.ca.gov/Publications/Report/4444

Home Prices Update: June 2021 [EconTax Blog]

Jul 28, 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. June 2021 data show rapidly accelerating home price growth in both California and the rest of the country over the past year: the typical home in California has appreciated 18.7 percent since June 2020, well above the national figure of 15.0 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/681

The 2022-23 Budget: Clean Energy Package

Feb 22, 2022 - The  Governor ’s budget provides a total of $922.4  million General Fund over two years ($323  million in 2022 ‑23 and $600  million in 2023 ‑24) to CEC for two new residential building decarbonization programs.
https://lao.ca.gov/Publications/Report/4554

Building Permits Update: September 2021 [EconTax Blog]

Nov 1, 2021 - The industrial category was the bright spot as its total of $164 million was the second highest of the year, with more than 90 percent of the value coming from three projects in San Bernardino County.  
https://lao.ca.gov/LAOEconTax/Article/Detail/709

The 2020-21 Budget: The Governor’s Homelessness Plan

Feb 11, 2020 - In the absence of a plan, we encourage the Legislature take one ‑time action this year utilizing existing state mechanisms to support local efforts to address homelessness. Provide Grants to Local Governments Similar to Prior Years.
https://lao.ca.gov/Publications/Report/4152

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

Income Tax Withholding Tracker: November 2 - November 6 [EconTax Blog]

Nov 6, 2020 - The final graph shows the year over year changes in cumulative withholding for California in 2020, the United States in 2020 (from the federal income tax), and California in 2009 at the trough of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/576

Building Permits Update: August 2021 [EconTax Blog]

Oct 6, 2021 - Multifamily activity has been unremarkable all year. Los Angeles County led as usual with 1,394 units followed by San Diego County with 871. San Francisco permitted 578 units, its most since January 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/703