The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - The state meets this requirement through a combination of General Fund spending and local property tax revenue. When General Fund revenue declines, the minimum requirement usually declines in tandem.
https://lao.ca.gov/Publications/Report/4902

Cannabis and certain psychedelic drugs. [Ballot]

Dec 18, 2023 - Cannabis-Related Taxes. Adult use cannabis is subject to state and local sales taxes. Both adult use and medicinal cannabis are subject to a 15 percent state excise tax, which generated over half a billion dollars in revenue in 2022-23.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-032

U.S. Retail Sales Update: July 2022 [EconTax Blog]

Aug 17, 2022 - U.S. retail sales (seasonally adjusted) remained nearly unchanged from June to July.
https://lao.ca.gov/LAOEconTax/Article/Detail/748

Income Tax Witholding Tracker: July 2022 [EconTax Blog]

Aug 5, 2022 - Income Tax Witholding Tracker: July 2022 [EconTax Blog] Income Tax Witholding Tracker: July 2022 August 5, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/745

U.S. Retail Sales Update: June 2022 [EconTax Blog]

Jul 18, 2022 - The amount of money spent on retail purchases in the U.S. increased 1% from May to June, but real sales declined due to inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/742

Income Tax Withholding Tracker: June 2022 [EconTax Blog]

Jul 11, 2022 - Income Tax Withholding Tracker: June 2022 [EconTax Blog] Income Tax Withholding Tracker: June 2022 July 11, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/741

The 2021-22 Budget: State Board of Equalization [Publication Details]

Feb 23, 2021 - The Governor's proposed 2021-22 appropriation for the Board of Equalization (BOE) is $31.8 million, 30 percent higher than the amount spent in 2019-20. Due to vacancies, BOE spent just $24.5 million of its $31.3 million appropriation in 2019-20. This post discusses issues for the Legislature to consider as it decides how much to appropriate for BOE in the 2021-22 budget.
https://lao.ca.gov/Publications/Detail/4385

The 2021-22 Budget: State Board of Equalization

Feb 23, 2021 - Later in 2017, the Legislature passed two laws —A B  102 and A B  131 —that transferred most of BOE ’s programs, budget, staff, and facilities to the newly created California Department of Tax and Fee Administration (CDTFA) and Office of Tax Appeals (OTA).
https://lao.ca.gov/Publications/Report/4385

U.S. Retail Sales Update: May 2022 [EconTax Blog]

Jun 15, 2022 - U.S. retail sales (seasonally adjusted) declined 0.3 percent from April to May. Inflation-adjusted sales declined more.
https://lao.ca.gov/LAOEconTax/Article/Detail/739

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/article/Detail/781