U.S. Retail Sales Update: February 2024 [EconTax Blog]

Mar 14, 2024 - U.S. retail sales have dropped 0.4 percent over the last 3 months and grown 1.5 percent over the last 12 months. The 12-month growth rate was below the rate of inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/802

U.S. Retail Sales Update: February 2024 [EconTax Blog]

Mar 14, 2024 - U.S. retail sales have dropped 0.4 percent over the last 3 months and grown 1.5 percent over the last 12 months. The 12-month growth rate was below the rate of inflation.
https://lao.ca.gov/LAOEconTax/article/Detail/802

Increasing Transparency of County Office of Education Spending

Mar 14, 2024 - (For  example, with special education funding that is transferred to school districts and certain local property tax transferred to trial courts.) In addition, COEs conduct a wide range of activities with LCFF —their primary state funding source.
https://lao.ca.gov/Publications/Report/4883

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Net incomes also depend on other factors, such as taxes.) Minimum Wage as Policy to Address Poverty. Many policymakers view minimum wages as a way to raise incomes and to reduce the number of people experiencing poverty.
https://lao.ca.gov/Publications/Report/4878/3

The 2024-25 Budget: Sustainable Funding for the Department of Pesticide Regulation [Publication Details]

Mar 5, 2024 - In this post, we assess the Governor's proposal to increase the mill assessment—a tax levied on pesticides when first sold into or within the state—to address the structural deficit within the Department of Pesticide Regulation’s special fund and to support various programmatic expansions for the department.
https://lao.ca.gov/Publications/Detail/4873

The 2024-25 Budget: Sustainable Funding for the Department of Pesticide Regulation

Mar 5, 2024 - For instance, a single tax rate is easier for the state to administer and offers a more predictable revenue stream. It  also is simpler and more predictable for the entities that pay the tax. A flat increase also aligns with the recommendations in the independent contractor ’s report.
https://lao.ca.gov/Publications/Report/4873

Proposition 1 [Ballot]

Mar 5, 2024 - Proposal No Changes to Tax. Proposition  1 does not change the tax on people with incomes over $1  million per year. State Gets Larger Share of Tax. As shown in Figure  1, Proposition  1 increases the share of the MHSA tax that the state gets for mental health programs.
https://lao.ca.gov/BallotAnalysis/Proposition?number=1&year=2024

The 2024-25 Budget: CalWORKs

Mar 4, 2024 - Our office independently forecasts CalWORKs grant increases triggered by growth in realignment revenue (a share of state sales tax and vehicle license fee revenues dedicated to counties). While our estimates have differed from the administration ’s previously, at this time our two offices ’ estimates are similar.
https://lao.ca.gov/Publications/Report/4872

The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog]

Feb 29, 2024 - The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog] The 2024-25 Budget: Property Tax Postponement Program February 29, 2024 Ross Brown Background Property Tax Postponement (PTP) Program Provides Loans to Certain Low-Income Homeowners to Pay Property Taxes.
https://lao.ca.gov/LAOEconTax/Article/Detail/800

The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - The changes are intended to simplify the form by reducing the number of questions students and families need to answer and transferring data directly from their previous tax filings. After a one ‑year delay in the original launch date, the revised FAFSA is now in the midst of being implemented across the nation for the first time.
https://lao.ca.gov/Publications/Report/4865