November 2020 State Tax Collections [EconTax Blog]

Dec 16, 2020 - November 2020 State Tax Collections [EconTax Blog] Seth Kerstein November revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of budget projections by $2.4 billion (33 percent).  
https://lao.ca.gov/LAOEconTax/Article/Detail/598

The 2022-23 California Spending Plan: Human Services

Oct 21, 2022 - Beginning in 2018-19, the state began using a revised funding formula for supporting county administrative activities in the CalWORKs program. Generally speaking, this formula increased or decreased funding gradually as caseload increased or decreased, but did not separately adjust for increases in the cost of doing business.
https://lao.ca.gov/Publications/Report/4640/2

The 2019-20 Budget: Proposition 98 Analysis

Feb 13, 2019 - COLA = cost ‑of ‑living adjustment and COEs = county offices of education. Assessment and Recommendation Providing Annual COLA for Block Grants Has Benefits, Recommend Adopting. A COLA is a simple way to recognize cost increases over time.
https://lao.ca.gov/Publications/Report/3930

The 2019-20 Budget: California Spending Plan—Judiciary and Criminal Justice

Oct 17, 2019 - Such funds are remitted to the state by counties that collect more property tax than state law allows them to spend on education. The budget package also inc reases, as of June 30, 2020, the amount each trial court is able to retain as reserves from 1  percent to 3  percent of its prior-year operating budget.
https://lao.ca.gov/Publications/Report/4097

The 2020-21 Budget: School District Budget Trends

Jan 21, 2020 - For example, Kern, Fresno, Sacramento, Placer, El  Dorado, and San Francisco Counties have seen their attendance increase. Given demographic projections, some of these counties may see slower growth or even declines over the next decade.
https://lao.ca.gov/Publications/Report/4136

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

The 2021-22 Budget: The Fiscal Outlook for Schools and Community Colleges

Nov 18, 2020 - Similar to the June budget, we also assume the state addresses a recent issue related to property tax allocations in certain counties (see box below). Figure 3 Updating Prior ‑ and Current ‑Year Estimates of the Minimum Guarantee (In Millions)
https://lao.ca.gov/Publications/Report/4298

Higher Education General Fund Support Under Governor's Budget and May Revision [EdBudget]

May 14, 2023 - Higher Education General Fund Support Under Governor's Budget and May Revision [EdBudget]     a Reflects Proposition 98 funding, which consists of certain General Fund and local property tax revenues. b Includes funding for pensions and retiree health benefits. c The annual growth rate of Proposition 98 spending drops from 2.5 percent at Governor's budget to 0.4 percent at May
https://lao.ca.gov/Education/EdBudget/Details/721

October 2020 State Tax Collections [EconTax Blog]

Nov 13, 2020 - October 2020 State Tax Collections [EconTax Blog] Seth Kerstein October revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of budget projections by $2.8 billion (40 percent).  
https://lao.ca.gov/LAOEconTax/Article/Detail/578

January 2020 State Tax Collections [EconTax Blog]

Feb 27, 2020 - January 2020 State Tax Collections [EconTax Blog] Seth Kerstein January revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of Governor ’s Budget projections by $1.1 billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/438