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

Property taxes. [Ballot]

Aug 4, 2023 - How Is a Property Tax Bill Calculated? Each annual property tax bill is equal to the taxable value of the property multiplied by the property tax rate. The typical property tax rate is 1.1  percent. In the year a new owner takes over a property, its taxable value typically is its purchase price.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-005

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Surging income tax collections underlie this growth. In just the last twelve months, total income tax collections have grown over 15 percent. More real-time measures of income tax collections show that growth has downshifted somewhat but remains solid.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Surging income tax collections underlie this growth. In just the last twelve months, total income tax collections have grown over 15 percent. More real-time measures of income tax collections show that growth has downshifted somewhat but remains solid.
https://lao.ca.gov/LAOEconTax/article/Detail/777

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

Apr 18, 2022 - U.S. retail sales (seasonally adjusted) grew 0.5 percent from February to March.
https://lao.ca.gov/LAOEconTax/Article/Detail/731

Medi-Cal Rx program and revenues from federal drug price discounts. [Ballot]

Oct 19, 2023 - This result could have fiscal implications for state tax proceeds, Medi-Cal, or other state and local government programs. The impact would depend on many factors, including which entities lose their state tax-exempt status and licenses.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-021

Homeownership affordability. [Ballot]

Oct 27, 2023 - Local governments rely on a variety of taxes and fees to fund their services, like schools, fire and police, public works, and parks. The property and sales taxes generally are the largest sources of local tax revenue for cities and counties.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-025

The 2024-25 California Spending Plan: Health

Sep 17, 2024 - The CCR is funded primarily by federal funds and Proposition  99 tobacco tax revenues, the latter of which has been declining in recent years. The spending plan includes $800,000 of one-time funding in 2024-25 and $2  million ongoing General Fund to support CCR and maintain data system integrity.
https://lao.ca.gov/Publications/Report/4930

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

Mar 16, 2022 - U.S. retail sales (seasonally adjusted) grew 0.3 percent from January to February. Retail sales have been elevated after growing dramatically in early 2021, but inflation has offset much of the past year’s apparent “growth.”
https://lao.ca.gov/LAOEconTax/Article/Detail/728

State Assistance to Businesses in Response to COVID-19

Jan 4, 2024 - Larger Metro Regions Received More PPP ‑Related Tax Relief and State Grants. We  also examined how PPP eligible for state tax relief and SBCRG were distributed across metro area. As Figure 6 shows, per business in the area, larger metro regions tended to receive more in both types of assistance, most notably, Los Angeles, San  Francisco, and San Jose.
https://lao.ca.gov/Publications/Report/4824