The 2024-25 Budget: Medi-Cal Fiscal Outlook [Publication Details]

Dec 7, 2023 - This post provides our annual fiscal outlook for General Fund spending in Medi-Cal. It summarizes our projections, describes the major factors driving our projections, and highlights key uncertainties.
https://lao.ca.gov/Publications/Detail/4820

U.S. Retail Sales Update: November 2021 [EconTax Blog]

Dec 15, 2021 - U.S. retail sales (seasonally adjusted) grew 0.3 percent from October to November. Retail sales have been elevated throughout 2021 following dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/720

The 2023-24 California Spending Plan: Health

Oct 23, 2023 - If the federal government does not initially approve the MCO tax, the trailer bill legislation grants the administration authority to adjust the structure of the tax as needed to meet federal rules and to resubmit the tax for federal approval.
https://lao.ca.gov/Publications/Report/4810

U.S. Retail Sales Update: October 2021 [EconTax Blog]

Nov 16, 2021 - U.S. retail sales (seasonally adjusted) grew 1.7 percent from September to October. Retail sales remain elevated due to dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/713

Social media platforms. [Ballot]

Feb 6, 2024 - Uncertain impact on state and local tax revenue that would depend primarily on how social media platforms respond to the measure. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/BallotAnalysis/Initiative/2023-035

U.S. Retail Sales Update: September 2021 [EconTax Blog]

Oct 15, 2021 - U.S. retail sales (seasonally adjusted) grew 0.7 percent from August to September. Retail sales remain at the elevated level that has persisted following dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/705

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - The bulk of this decline is attributable to the personal income tax. For 2023-24, our forecast anticipates big three revenues will remain flat, with weakness shifting from the personal income tax to sales and corporation taxes.
https://lao.ca.gov/LAOEconTax/article/Detail/774

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - The bulk of this decline is attributable to the personal income tax. For 2023-24, our forecast anticipates big three revenues will remain flat, with weakness shifting from the personal income tax to sales and corporation taxes.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

U.S. Retail Sales Update: August 2021 [EconTax Blog]

Sep 17, 2021 - U.S. retail sales (seasonally adjusted) grew 0.7 percent from July to August. Retail sales remain elevated due to dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/694

Restrictions on certain oil drilling permits (Amendment #1). [Ballot]

Sep 21, 2023 - This decline would primarily stem from reduced corporate and royalty-related income tax revenues, along with somewhat lesser impacts from decreased sales and use tax revenues. Decreased Local Revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-014