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

Oct 14, 2022 - U.S. retail sales (seasonally adjusted) grew 1.3 percent from September to October.
https://lao.ca.gov/LAOEconTax/Article/Detail/757

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - CARE Act implementation will begin in seven “Cohort I ” counties by October 1, 2023, with the remaining counties to begin implementation no later than December 1, 2024. Medi ‑Cal Coverage Expansion to Remaining Undocumented Populations.
https://lao.ca.gov/Publications/Report/4616

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - SAL = state appropriations limit; CAC = California Arts Council; CSSSA = California State Summer School for the Arts; CDE = California Department of Education; CDFA = California Department of Food and Agriculture; CSL = California State Library; CTC = Commission on Teacher Credentialing; DCA = Department of Consumer Affairs; DCC = Department of Cannabis Control; DFPI = Departm ent of Financial
https://lao.ca.gov/Publications/Report/4616/1

The 2022-23 California Spending Plan: Resources and Environmental Protection

Oct 10, 2022 - Contract county crews CalFire $25 million GF in 2022 ‑23 and $35 million ongoing GF to fund 12 hand crews for contract counties, and an adjustment to the approach to calculating contract county reimbursements.
https://lao.ca.gov/Publications/Report/4633

Income Tax Withholding Tracker [EconTax Blog]

Oct 4, 2022 - The figure below shows the latest monthly trends for income tax withholding. Each bar represents a snapshot of how income tax withholding for the prior 12 months compares to the year before. This viewpoint helps filter out some of the month-to-month variation in income tax withholding that makes interpreting trends difficult.
https://lao.ca.gov/LAOEconTax/Article/Detail/756

Income Tax Withholding Tracker [EconTax Blog]

Oct 4, 2022 - The figure below shows the latest monthly trends for income tax withholding. Each bar represents a snapshot of how income tax withholding for the prior 12 months compares to the year before. This viewpoint helps filter out some of the month-to-month variation in income tax withholding that makes interpreting trends difficult.
https://lao.ca.gov/LAOEconTax/article/Detail/756

2022 Update on the California Earned Income Tax Credit [Publication Details]

Oct 3, 2022 - 2022 Update on the California Earned Income Tax Credit [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4630

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - The Constitution allows refunds of taxes to be excluded from appropriations subject to limit (see: Section 8(a) of Article XIIIB of the California Constitution). As a result, these types of tax refunds are scored as spending rather than revenue reductions.
https://lao.ca.gov/Publications/Report/4631

The 2022-23 California Spending Plan: Transportation

Sep 29, 2022 - Diesel Sales Tax Reduction. The budget includes a one-year reduction in the diesel sales tax from 13  percent to roughly 9  percent beginning October 1, 2022. This reduction is intended to provide fiscal relief from high fuel costs to drivers and businesses.
https://lao.ca.gov/Publications/Report/4628

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The tax rate will range from $400 to $800 per metric ton of lithium carbonate equivalent that a producer extracts, adjusted annually for inflation. A total of 80  percent of the revenue from this tax will go to the counties where lithium extraction occurs, while the other 20  percent will go to the Salton Sea Restoration Fund.
https://lao.ca.gov/Publications/Report/4626