MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Aug 26, 2019 - Specifically, employees with (1)  7 years of continuous plant experience would receive a 5  percent differential, (2)  10 years of continuous plant experience would receive a 7  percent differential, and (3)  13 years of continuous plant service would receive a 9  percent differential.
https://lao.ca.gov/Publications/Report/4090

October 2020 State Tax Collections [EconTax Blog]

Nov 13, 2020 - Next week, we will release our annual Fiscal Outlook, which will discuss the implications of these better-than-expected collections for the state ’s revenue outlook in the coming months and years. Withholding and sales tax receipts continue to be the largest sources of better-than-expected collections.
https://lao.ca.gov/LAOEconTax/Article/Detail/578

Building Permits Update: December 2020 [EconTax Blog]

Feb 4, 2021 - Still, activity in November and December combined was very close to the 2015-19 average after being well below it for most of the rest of the year. More than half the units permitted in December came from Los Angeles and San Diego counties.
https://lao.ca.gov/LAOEconTax/Article/Detail/618

Why is Venture Capital Funding a Useful Economic Indicator? [EconTax Blog]

Feb 18, 2021 - VC has long been a critical funding source for California ’s high technology firms, whose strong growth over the past several years has been fueled by a sustained increase in VC funding. Our office has found a strong correlation between a lagged measure of VC funding and employment growth in the information and professional/technical services sectors which include many of the state ’s high-tech firms.
https://lao.ca.gov/LAOEconTax/Article/Detail/626

Constitutional initiative regarding a nonpartisan, unicameral, state Legislature. [Ballot]

Oct 8, 2019 - The measure establishes four-year terms for all legislators, with half the Members being elected every two years. A ll legislators would be subject to overall term limits of 12 years. Increases Number of Legislators.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-012

Child Custody and Juvenile Dependency [Ballot]

Feb 18, 2020 - This can include decisions about where the child lives and goes to school, as well as decisions about certain activities, such as those related t o religion or travel. If two people (such as the child ’s parents) have joint legal custody, then both are able to make the above decisions either separately or together.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-033

A Look at Household Debt in California [EconTax Blog]

Feb 12, 2020 - This is down from about $1 five years ago and $1. 50 at the peak of the Great Recession. Mortgage loans are the largest component of household debt. After significantly expanding during the housing bubble of the mid-2000s, California ’s mortgage debt (as a share of personal income) has declined consistently in recent years.
https://lao.ca.gov/LAOEconTax/Article/Detail/435

September 2020 State Tax Collections [EconTax Blog]

Oct 19, 2020 - The rebound in corporation tax estimated payments likely suggests that corporations have revised upwards their expectations for profitability this year.  
https://lao.ca.gov/LAOEconTax/Article/Detail/568

Building Permits Update: November 2019 [EconTax Blog]

Jan 9, 2020 - In 2018, single family permits got off to a strong start but faded at the end of the year. 2019 has seen the opposite pattern, as the late 2018 slump continued through early 2019 but conditi ons improved later in the year.
https://lao.ca.gov/LAOEconTax/Article/Detail/427

Unemployment Claims Update: December 2019 [EconTax Blog]

Jan 17, 2020 - Unemployment claims have been relatively flat over the past year, fluctuating slightly around an average of about 175,000. This pattern signals a strong labor market and, contrary to other recent economic data , offers little evidence of an impending economic slowdown.
https://lao.ca.gov/LAOEconTax/Article/Detail/428