How Does Tech Company Equity Pay Affect Income Tax Withholding? [EconTax Blog]

Nov 16, 2023 - The figure below illustrates this growth, with estimated withholding from the state ’s largest tech companies —including Apple, Google, Nvidia, and Meta —growing a share of state income tax withholding.
https://lao.ca.gov/LAOEconTax/Article/Detail/789

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details]

Sep 7, 2023 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 6 (Corrections). This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4800

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - Because this is a somewhat new activity, however, the state still lacks information regarding how effective this strategy is at mitigating the threats that higher temperatures pose to public health, particularly compared to other approaches the state could take with the same objectives.
https://lao.ca.gov/Publications/Report/4958

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - We end the post with observations on revenues from each of the state ’s three largest taxes. Revenue Is Surging, But Is It Sustainable? Unprecedented Growth in Revenues. Revenue collections have grown rapidly in recent months.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

The 2025-26 Budget: College of the Law, San Francisco [Publication Details]

Mar 10, 2025 - This brief analyzes the Governor’s budget proposals for College of the Law, San Francisco (CLSF). In 2025‑26, CLSF would receive $101 million in total core funding, reflecting a $15 million (17 percent) increase from 2024‑25. Both of CLSF’s main sources of core funding would increase, with tuition revenue projected to increase $4.3 million (7.
https://lao.ca.gov/Publications/Detail/5014

Building California’s Behavioral Health Infrastructure: Progress Update and Opportunities for the Proposition 1 Bond

Feb 5, 2025 - Budget Included State Operations Resources for DHCS to Contract With a Third ‑Party Administrator (TPA). Of the original $2.2 billion total allocated to BHCIP, about $80 million is expected to be allocated for state administration of the program.
https://lao.ca.gov/Publications/Report/4954

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - The Cigarette and Tobacco Licensing Program monitors tobacco retailers for compliance with various state laws. This fee-funded program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998.
https://lao.ca.gov/Publications/Report/4966

Recent Revenues Coming in Below Governor's Budget Projections [EconTax Blog]

Jan 22, 2024 - Individuals with substantial capital gains and other non-wage income make quarterly estimated tax payments to meet state tax requirements. As shown in the figure  below, January estimated tax payments from these taxpayers are running well below targets needed to meet the Governor 's budget revenue levels for 2023-24.
https://lao.ca.gov/LAOEconTax/article/Detail/795

Recent Revenues Coming in Below Governor's Budget Projections [EconTax Blog]

Jan 22, 2024 - Individuals with substantial capital gains and other non-wage income make quarterly estimated tax payments to meet state tax requirements. As shown in the figure  below, January estimated tax payments from these taxpayers are running well below targets needed to meet the Governor 's budget revenue levels for 2023-24.
https://lao.ca.gov/LAOEconTax/Article/Detail/795

January 2025 Los Angeles Wildfires Impact on Local Property Tax Revenues [EconTax Blog]

Feb 10, 2025 - For more information on the state ’s response to prior wildfires, see the LAO CA Wildfire FAQ . This post examines the likely impact of these fires on property tax collections. Fire Damage Lowers Property Tax Assessments.
https://lao.ca.gov/LAOEconTax/Article/Detail/819