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

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

The 2020-21 Budget: California Arts Council

Feb 7, 2020 - Starting in 2017 ‑18, the Arts Council awarded each of these districts $5,000 stipends per year for two years as an incentive to participate in the pilot. To date, the Arts Council has spent roughly $300, 000 t o fund these stipends and has incurred costs related to program support, development, and evaluation.
https://lao.ca.gov/Publications/Report/4148

2021-22 Fiscal Outlook Economic Assumptions [EconTax Blog]

Nov 18, 2020 - Overall, we assume the economy will continue to recover gradually over the next several years, remaining below pre-pandemic levels for an extended period. Statewide employment is not expected to fully recover until 2025 or later.  
https://lao.ca.gov/LAOEconTax/Article/Detail/582

The 2021-22 Budget: UC Division of Agriculture and Natural Resources

Feb 26, 2021 - Though ANR relies on state funding to support its core operations, the state and UC ’s approach to budgeting for ANR costs has changed notably over the years. Below, we describe three ways ANR has been funded.
https://lao.ca.gov/Publications/Report/4391

The 2020-21 Budget: Overview of the California Spending Plan (Final Version) [Publication Details]

Oct 5, 2020 - The 2020-21 Budget: Overview of the California Spending Plan (Final Version) [Publication Details] The 2020-21 Budget: Overview of the California Spending Plan (Final Version) Format: HTML Description: Each year, our office publishes the California Spending Plan to summarize the annual state budget.
https://lao.ca.gov/Publications/Detail/4263

The 2021-22 Budget: Analysis of the Governor’s CalWORKs Proposals

Feb 3, 2021 - Other cost drivers include the extension of lifetime limits to 60 m onths for adults scheduled for May 2022 (estimated to cost about $ 22  m illion in 2021 ‑22, with higher costs anticipated for future years) and the various policy proposals described below.
https://lao.ca.gov/Publications/Report/4341

Expanding Access to Safe and Affordable Drinking Water in California—A Status Update [Publication Details]

Nov 10, 2020 - One year later, SWRCB has made good progress in establishing spending priorities, beginning to allocate funds and execute projects, and collecting essential data to identify the communities that should be targeted for improvements.
https://lao.ca.gov/Publications/Detail/4294

The 2021-22 Budget: Improving Legislative Oversight of Emergency Spending Authorities

Mar 2, 2021 - Specifically, the administration would have access to nearly unlimited funding in the budget year while having minimal requirements to notify the Legislature when funds are accessed and no requirement to report on how funds are actually spent on the state ’s COVID ‑ 19 r esponse.
https://lao.ca.gov/Publications/Report/4393