California New Business Creation: December 2020 [EconTax Blog]

Jan 8, 2021 - California New Business Creation: December 2020 [EconTax Blog] California New Business Creation: December 2020 January 8, 2021 Brian Uhler The extent of new business creation in California can be a useful gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/605

Weekly Unemployment Claims Update: August 9 - August 15 [EconTax Blog]

Aug 21, 2020 - After accounting for self-employement claims, discussed below, the total number of workers receiving unemployment benefits in the state reached a new peak of 4.8 million last week. Self-Employment Continued Claims Rise to 1.4 Million This Week.
https://lao.ca.gov/LAOEconTax/Article/Detail/526

Narrowing California’s K-12 Student Achievement Gaps

Jan 31, 2020 - State Efforts to Narrow Gaps Significant Funding Is Allocated for Disadvantaged Students. School districts currently receive $15. 2  b illion in ongoing state funding and $4. 9  b illion in ongoing federal funding for supporting disadvantaged, low ‑income, low ‑performing, and special needs students.
https://lao.ca.gov/Publications/Report/4144

The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank [Publication Details]

Oct 5, 2020 - The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4271

State Spending and Administrative Costs [Publication Details]

Sep 29, 2020 - State Spending and Administrative Costs [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4273

A Look at Household Debt in California [EconTax Blog]

Feb 12, 2020 - While a slowdown in the auto sector, by itself, is unlikely to create a significant drag on the state ’s economy, it could have fiscal implications for the state and local governments. New car purchases are a major category of taxable sales, so this trend likely is placing some drag on state and local sales tax collections.
https://lao.ca.gov/LAOEconTax/Article/Detail/435

Cannabis Tax Revenue Update [EconTax Blog]

Nov 30, 2020 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. First Quarter of 2020-21: $201 Million. The administration currently estimates that retail excise tax revenue was $160 million and cultivation tax revenue was $41 million in the first quarter of fiscal year 2020-21 (July through September). 2019-20 Total Revised Upward to $522 Million.
https://lao.ca.gov/LAOEconTax/Article/Detail/583

Third Round of Federal Higher Education Relief Funding

May 3, 2021 - Figure 1 First Two Rounds Provided $4.9 Billion for Higher Education in California (In Millions) $776 $4,908 a Figure excludes $54 million from the Coronavirus Relief Fund allocated to the California Community Colleges as part of the state ’s 2020 ‑21 budget package.
https://lao.ca.gov/Publications/Report/4421

The 2020-21 Budget: Reinventing the Department of Business Oversight

Feb 26, 2020 - What Should DFPI ’s Role Be Relative to Other State Regulatory Departments? The proposed language would authorize DFPI to take action against licensees of other state departments for UDAAP violations.
https://lao.ca.gov/Publications/Report/4181

The 2021-22 Budget: Funding for Debt Collector Licensing and Regulation

Feb 17, 2021 - For example, in implementing the S B   908 l icense application process, DFPI will need to assess whether applicants are of sound financial condition, have a reasonable business plan, and are likely to comply with state law.
https://lao.ca.gov/Publications/Report/4376