Income Tax Withholding Tracker: September 14 - September 18 [EconTax Blog]

Sep 18, 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/548

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - In those intervening years, there would be a difference between the rate the state is paying and the rate the state would pay if the CalSTRS board had full rate setting authority. In dollar terms, this difference would very roughly equal $ 525  m illion in the first year, $ 350  m illion in the second year, and $ 175  m illion in the third year.
https://lao.ca.gov/Publications/Report/4196

Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog]

Oct 2, 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/556

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The ARP made two significant changes to the EITC for 2021: (1)  increased the credit amounts available to childless workers, and (2)  broadened the age range for eligible filers from 24 to 65 years old to 19 and over.
https://lao.ca.gov/Publications/Report/4410

Income Tax Withholding Tracker: July 13-July 17 [EconTax Blog]

Jul 17, 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/497

Proposition 98 Key Inputs and Outcomes Under 2021-22 Budget Package [EdBudget]

Jul 21, 2021 - a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. b For calculating the guarantee, Chapter 24 of 2020 (SB 98, Committee on Budget and Fiscal Review) deems the change in attendance in 2020‑21 to be the same as the change in 2019‑20. c Reflects change in per capita income during the previous fiscal year. d Reflects change in per capita General Fund plus 0.5 percent. 
https://lao.ca.gov/Education/EdBudget/Details/517

California New Business Creation: December 2020 [EconTax Blog]

Jan 8, 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/605

The 2020-21 Budget: Local Agency Employee Organizations, Impasse Procedures II

Mar 4, 2020 - Number of Fact-Finding Cases Likely Varies Significantly Year to Year. In the three years used by the Commission to determine the cost of the mandate, the number of fact-finding projects in a fiscal year ranged from 37 to 44 —averaging to about 40 cases each year.
https://lao.ca.gov/Publications/Report/4190

July 2020 Tax Payments Tracker [EconTax Blog]

Jul 17, 2020 - As a result, tax payments made in April and June in a typical year have been spread across April to July this year. For this reason, we report on total collections across April to July instead of focusing on only July.
https://lao.ca.gov/LAOEconTax/Article/Detail/499

The 2022-23 Budget: Commission on Peace Officer Standards and Training

Jan 31, 2022 - In recent years, greater attention has been placed on the wellness of first responders such as peace officers. The job requirements of a peace officer can be physically, mentally, and emotionally taxing.
https://lao.ca.gov/Publications/Report/4507