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

Oct 22, 2021 - As reflected by the width of this range, with so much of the fiscal year ahead of us there remains significant uncertainty about how much the state ultimat ely 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/707

The 2021-22 May Revision: Golden State Stimulus 2

May 18, 2021 - Over the last year, most low- and middle-income Californians received three federal stimulus checks totaling $3,200 per adult and $2,500 per child. For example, an eligible family of four received $11,400 in federal stimulus payments over the past year.
https://lao.ca.gov/Publications/Report/4435

Income Tax Withholding Tracker: August 3-August 9 [EconTax Blog]

Aug 7, 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/514

The 2021-22 Budget: Creating a New Department of Better Jobs and Higher Wages

Feb 10, 2021 - Legislature Rejected the Same Proposal Last Year. The Governor first proposed to create the Department of Better Jobs and Higher Wages last year as part of the 2020 ‑ 21 b udget process. At that time, Legislative budget subcommittee hearings were consolidated due to the coronavirus disease 2019 (COVID ‑1 9) p andemic.
https://lao.ca.gov/Publications/Report/4361

Building Permits Update: January 2021 [EconTax Blog]

Mar 11, 2021 - Despite its recent sharp drop in rents, San Franci sco recorded its biggest month in two years with 525 permits. Nonresidential construction permit activity remains very weak, and the January total of $1.048 billion was the lowest of any month since at least 2012.
https://lao.ca.gov/LAOEconTax/Article/Detail/633

Psilocybin legalization. [Ballot]

Sep 1, 2021 - The measure eliminates existing penalties under state law for people 21 years of age and over who engage in psilocybin-related activities including, possession, distribution, trans portation, and sale of psilocybin.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-005

Attorney compensation in certain civil lawsuits. [Ballot]

Nov 29, 2021 - For example, state law generally requires that plaintiffs file tort claims within two years of an alleged injury or three years of alleged personal property damage. Additionally, state law authorizes cases generally seeking less than $10,000 to be filed in small claims court in which attorney representation is prohibited.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-031

Enrollment by Higher Education Segment [EdBudget]

Aug 24, 2021 - CCC assumes 1 FTE student represents 525 contact hours per year, which on average generates about 24 credits. For undergraduate education, CSU and UC assume 1 FTE student represents 30 credit units. For graduate education, CSU, UC, and Hastings assume 1 FTE student represents 24 credit units.
https://lao.ca.gov/Education/EdBudget/Details/519

California New Business Creation: February 2021 [EconTax Blog]

Mar 4, 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/632

February 2021 Jobs Report [EconTax Blog]

Apr 5, 2021 - The health, manufacturing, transport, and admin/other services sectors also added a fair number of jobs, although only transport is above its level of a year ago.  
https://lao.ca.gov/LAOEconTax/Article/Detail/639