Home Sales Update: August 2020 [EconTax Blog]

Sep 23, 2020 - The dip in the most recent week likely reflects the timing of Labor Day this year, as sales volume over the past two weeks combined ran well ahead of the same weeks in 2019.  
https://lao.ca.gov/LAOEconTax/Article/Detail/550

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

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

Home Prices Update: September 2020 [EconTax Blog]

Nov 2, 2020 - Mortgage rates are far lower than a year ago, making monthly mortgage payments more affordable (all else equal) and contributing to the price increases. The typical home in California has appreciated 6. 8 percent since September 2019, while the national figure is 5.8 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/573

May 2021 Jobs Report [EconTax Blog]

Jun 18, 2021 - The next graph isolates aggregate employment in the other sectors and shows that California has gradually been closing the gap this year. The next figure summarizes nonfarm employment by sector based on the monthly survey of employers.
https://lao.ca.gov/LAOEconTax/Article/Detail/667

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: Trial Court Operations Proposals [Publication Details]

Feb 11, 2021 - This publication examines the impacts of the novel coronavirus disease 2019 (COVID-19) pandemic and prior-year reductions on trial court operations.
https://lao.ca.gov/Publications/Detail/4362

Income Tax Withholding Tracker: June 15-June 19 [EconTax Blog]

Jun 19, 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/483

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

Home Sales Update: June 2020 [EconTax Blog]

Jul 24, 2020 - California home sales were running at a relatively high level earlier in the year, but have dropped sharply as a result of the COVID-19 pandemic. Sales recovered in June, but remained well below the average June count of the previous five years.
https://lao.ca.gov/LAOEconTax/Article/Detail/505