Examining California's Income Tax Withholding Growth by Sector [EconTax Blog]

Jun 9, 2021 - The next graph compares year over year job growth to average 2019 withholding for all 75 sectors mentioned above. There was no systematic relationship between a sector ’s average withholding and its job growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/662

The 2022-23 Budget: Monitoring Correctional System Staff Misconduct Investigations

Feb 9, 2022 - In recent years, the Legislature has expressed interest in OIG oversight of CDCR ’s handling of staff misconduct allegations arising out of the grievance and request for reasonable accommodation processes.
https://lao.ca.gov/Publications/Report/4520

Building Permits Update: February 2021 [EconTax Blog]

Apr 7, 2021 - February is typically the slowest month of the year for multifamily permits, but this year ’s total of 2,726 was weaker than usual. Only 750 units were permitted outside of Los Angeles, Orange, and San Diego counties.
https://lao.ca.gov/LAOEconTax/Article/Detail/641

Home Prices Update: May 2021 [EconTax Blog]

Jun 24, 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. May 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 15.4 percent since May 2020, somewhat above the national figure of 13.2 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/668

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

Jan 21, 2022 - As reflected by the width of this range, with half of the fiscal year ahead of us there remains significant uncertainty about how much the state ultimately will collect. We also caution that the implications of unanticipated revenues for the state 's budget are not straightforward.
https://lao.ca.gov/LAOEconTax/Article/Detail/722

California New Business Creation: March 2021 [EconTax Blog]

Apr 7, 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/642

The 2021-22 Spending Plan: Human Services [Publication Details]

Nov 22, 2021 - The 2021‑22 spending plan provides just over $23 billion from the General Fund for human services programs. This is an increase of over $6 billion, or 37 percent, compared to the revised prior-year spending level. This significant increase is primarily the result of higher spending in several different departments and programs.
https://lao.ca.gov/Publications/Detail/4476

The 2021-22 Spending Plan: Human Services

Nov 22, 2021 - The 2021‑22 spending plan provides just over $23 billion from the General Fund for human services programs. This is an increase of over $6 billion, or 37 percent, compared to the revised prior-year spending level. This significant increase is primarily the result of higher spending in several different departments and programs.
https://lao.ca.gov/Publications/Report/4476

The 2021-22 Spending Plan: Human Services

Nov 22, 2021 - During the first year of FFPSA implementation, a county may elect to begin providing prevention services by providing written notice to DSS prior to fully completing its com prehensive prevention plan.
https://lao.ca.gov/Publications/Report/4476/3

The 2022-23 Budget: Cap-and-Trade Revenue Update

Apr 29, 2022 - Under those two revenue scenarios, we estimated that total revenue would exceed the Governor’s budget assumptions by $600 million (low scenario) to $2.8 billion (base scenario) over the 2021-22 and 2022-23 fiscal years.
https://lao.ca.gov/Publications/Report/4591