Income Tax Withholding Tracker: June 8-June 12 [EconTax Blog]

Jun 12, 2020 - The second graph compares the year-over-year percent change in withholding (withholding this week relative to the same week in 2019) to the weekly changes observed from March through June of 2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/479

The 2021-22 Budget: Preliminary Comments on the Governor’s May Revision Proposal for Broadband Infrastructure [Publication Details]

May 24, 2021 - The administration’s 2021-22 May Revision proposes up to $7 billion (federal and state funds) over two fiscal years to fund state broadband infrastructure projects and programs. In this post, we provide our preliminary comments on this proposal, reflecting our understanding of the proposal as of Sunday, May 23, and provide options for legislative consideration.
https://lao.ca.gov/Publications/Detail/4440

K-12 Proposition 98 Funding by Program [EdBudget]

Feb 21, 2020 - K-12 Proposition 98 Funding by Program [EdBudget] $2,707 3.8% a Includes $50 million each year for the Quality Rating and Improvement System. For all three years, does not include wrap care provided by nonprofit agencies and, for 2019-20, also does not include part-day preschool programs run by these agencies. b In each of these three years, an
https://lao.ca.gov/Education/EdBudget/Details/330

Income Tax Withholding Tracker: July 1 - July 23 [EconTax Blog]

Jul 23, 2021 - Through the 21 st , federal withholding was up 15.8 percent from last year, slightly below the state ’s pace.  
https://lao.ca.gov/LAOEconTax/Article/Detail/679

Building Permits Update: June 2020 [EconTax Blog]

Aug 4, 2020 - The multifamily housing permit total of 2,745 was the lowest figure yet in 2020 and less than half the June average over the previous five years. June is typically the biggest month of the year for multifamily permits.
https://lao.ca.gov/LAOEconTax/Article/Detail/512

Snapshot of the California Economy: March 2021 [EconTax Blog]

May 11, 2021 - Over the last year, the state has experienced abrupt and dramatic swings in economic activity. While a variety of data is available to track developments in the state economy, drawing clear conclusions from these disparate data points can be difficult.
https://lao.ca.gov/LAOEconTax/Article/Detail/651

November 2020 Cap-and-Trade Auction Update [EconTax Blog]

Dec 4, 2020 - The remaining $164 million in revenues will be available for new discretionary program spending, either in the current year or in future years. (The enacted 2020-21 budget package does not include a detailed discretionary expenditure plan.)
https://lao.ca.gov/LAOEconTax/Article/Detail/588

The 2021-22 Budget: University Capital Outlay [Publication Details]

Mar 5, 2021 - In this post, we focus on university capital outlay projects. We first provide background on university capital financing and project review. We then review capital outlay proposals for the California State University (CSU) and the University of California (UC). Next, we raise some concerns with the previously authorized UC Merced medical school project and make an associated recommendation.
https://lao.ca.gov/Publications/Detail/4395

Proposition 17 [Ballot]

Nov 3, 2020 - Yes/No Statement A YES vote on this measure means: People on state parole who are U.S. citizens, residents of California, and at least 18 years of age would be able to vote, if they register to vote.
https://lao.ca.gov/BallotAnalysis/Proposition?number=17&year=2020

Income Tax Withholding Tracker: April 20-April 24 [EconTax Blog]

Apr 24, 2020 - The second graph compares the year-over-year percent change in withholding (withholding this week relative to the same week in 2019) to average weekly decline experienced in March and April of 2009, when the state was in the depths of the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/458