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

Sep 15, 2022 - U.S. retail sales (seasonally adjusted) grew 0.3% from July to August.
https://lao.ca.gov/LAOEconTax/Article/Detail/754

Income Tax Witholding Tracker: August 2022 [EconTax Blog]

Sep 1, 2022 - Income Tax Witholding Tracker: August 2022 [EconTax Blog] Income Tax Witholding Tracker: August 2022 September 1, 2022 Chas Alamo California employers make regular income tax withholding payments for their employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/752

Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - Under the current MOU, employees whose worksite is located in the Counties of Alameda, Marin, San Mateo, Santa Clara, or San Francisco receive a $250 per month pay differential . Effective the first day of the pay period following ratification, the proposed agreement would provide Unit 9 members whose worksite is located in Contra Costa County a pay differential of $250 per month.
https://lao.ca.gov/Publications/Report/4620

Cannabis Tax Revenue Update [EconTax Blog]

Aug 22, 2022 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/751

K-12 Funding by Source [EdBudget]

Aug 17, 2022 - K-12 Funding by Source [EdBudget]     a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 funding for the California State Preschool Program, and operational expenses of the California Department of Education. b Excludes funding for child care programs administered by the California Department of Social Services
https://lao.ca.gov/Education/EdBudget/Details/661

2022-23 Changes in Proposition 98 Spending [EdBudget]

Aug 17, 2022 - LCFF = Local Control Funding Formula, COLA = cost-of-living adjustment, COE = County office of education, AANHPI = Asian American, Native Hawaiian, and Pacific Islander, A2MEND = African American Male Education Network and Development.
https://lao.ca.gov/Education/EdBudget/Details/663

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

IRS Migration Data Shows Increased Movement in 2020 [EconTax Blog]

Aug 16, 2022 - The forgone state income tax collections associated with this net outmigration likely represent a bit over one percent of total s tate income tax revenues. This is about double the amount of forgone revenues associated with outmigration in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/747

Financial Aid Award Amounts [EdBudget]

Aug 16, 2022 - They are ineligible for supplemental nontuition awards for students with dependent children and foster youth, as well as the Dreamer Service Incentive Grant. dStudents who receive the Cal Grant B Access Award may also receive a supplemental award funded by the College Access Tax Credit (CATC), contingent upon available CATC funding. eThe Middle Class Scholarship may be used for tuition and/or nontuition costs.
https://lao.ca.gov/Education/EdBudget/Details/647

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Federal law requires states to tax the first $7,000 in wages at a minimum. Most states tax a higher amount —only California, Tennessee, Florida, and Arizona tax the minimum. Revenue from the federal tax is collected by the federal government and redistributed to states to cover UI overhead costs.
https://lao.ca.gov/Publications/Report/4615