Home Sales Update: November 2019 [EconTax Blog]

Jan 2, 2020 - Nonetheless, more months as slow as November would indicate that general economic conditions in the state are weakening. Date sources:   Zillow ,  California Association of Realtors , and Moody’s Analytics, with LAO calculations.  
https://lao.ca.gov/LAOEconTax/Article/Detail/425

November 2019 Jobs Report [EconTax Blog]

Dec 29, 2019 - Overall employment in the state has grown 1.9 percent over the previous 12 months, somewhat ahead of the national pace of 1.5 percent. The California sector that has most outpaced its national counterpart is information, which has grown over 3 percent in the state but has been nea rly flat nationally.
https://lao.ca.gov/LAOEconTax/Article/Detail/423

Psilocybin [Ballot]

Dec 26, 2019 - To the extent that fee revenues are not sufficient to fully support such costs, some of the costs could require support from other fund sources (suc h as the state General Fund). Increased State and Local Tax Revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-027

Disposal and Recycling of Single-Use Plastic Packaging and Foodware. [Ballot]

Dec 26, 2019 - Specifies Funding Levels for Certain Existing State Programs. This measure also requires that the budgets for certain state natural resources departments continue to receive at least the same level of General Fund support in future years as is included in the state ’s 2019-20 budget.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-028

Unemployment Claims Update: November 2019 [EconTax Blog]

Dec 20, 2019 - Source: United States Department of Labor with LAO calculations  
https://lao.ca.gov/LAOEconTax/Article/Detail/422

November 2019 State Tax Collections [EconTax Blog]

Dec 18, 2019 - November 2019 State Tax Collections [EconTax Blog] Seth Kerstein Overall, November revenue collections from the state ’s three largest taxes —the personal income tax (PIT), corporation tax, and sales tax —fell $362  million below projections in November.
https://lao.ca.gov/LAOEconTax/Article/Detail/421

The 2020-21 Budget: Analyzing UC and CSU Cost Pressures

Dec 18, 2019 - For employee benefit cost increases, we projected growth based upon recent state actuarial assumptions regarding pension contribution rates and health premium increases. Using different assumptions than we made would result in a different estimate of the state ’s operating surplus.
https://lao.ca.gov/Publications/Report/4127

App-based rideshare and delivery drivers. [Ballot]

Dec 18, 2019 - Increase in State Income Tax Revenue. The measure likely would lead to an increase in personal income tax revenue for the state. The state collects personal income taxes on earnings, including earnings from selling st ock.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-026

The 2020-21 Budget: Analyzing UC and CSU Cost Pressures [Publication Details]

Dec 18, 2019 - California operates two public university systems: (1) the University of California (UC), consisting of 10 campuses, and (2) the California State University (CSU), consisting of 23 campuses. The Legislature faces many pressures to increase funding for UC and CSU in 2020‑21.
https://lao.ca.gov/Publications/Detail/4127

State Fiscal Health Index: October 2019 [EconTax Blog]

Dec 17, 2019 - State Fiscal Health Index: October 2019 [EconTax Blog] State Fiscal Health Index: October 2019 December 17, 2019 Justin Garosi Bottom Line: Data provides a mixed message about the condition of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/420