Income Tax Withholding Tracker: June 1-June 25 [EconTax Blog]

Jun 25, 2021 - The final graph compares the state ’s year over year percent change in cumulative withholding in 2020-21 to the nation ’s withholding from the federal income tax, and shows that state collections have maintained a faster pace for months.
https://lao.ca.gov/LAOEconTax/Article/Detail/670

The 2023-24 Budget: Improving Legislative Oversight of CalFire’s Emergency Fire Protection Budget

May 1, 2023 - The California Constitution entrusts the Legislature with the power of appropriation, including through the annual state budget act and other legislation. This role provides an important check and balance in the state ’s system of separation of powers, as well as helps to ensure that state funds are being spent efficiently and effectively and in
https://lao.ca.gov/Publications/Report/4765

Fiscal Outlook: Focus on Revenues [EconTax Blog]

Nov 20, 2019 - Transfers into and out of the General Fund to other state funds are shown as revenues. Relative to June, we estimate the state will deposit less in constitutionally required transfers into the Budget Stabilization Account (the state ’s main reserve fund) in 2018-19 and 2019-20.
https://lao.ca.gov/LAOEconTax/Article/Detail/414

Nonreporting Entities' Information Security Compliance

Mar 30, 2023 - IS Governance Consider Amending CDT ’s IS Authority to Address Statutory Ambiguity of State Agency and State Entity Definitions and Use. One option for legislative consideration to improve IS governance of nonreporting entities is to amend CDT ’s IS authority to address the current ambiguity in the definitions and use of state agency and
https://lao.ca.gov/Publications/Report/4756

State Fiscal Health Index: December 2019 [EconTax Blog]

Feb 5, 2020 - State Fiscal Health Index: December 2019 [EconTax Blog] State Fiscal Health Index: December 2019 February 5, 2020 Brian Uhler Bottom Line: As has been true for several months, data provides a mixed message about the condition of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/432

Examining California's Income Tax Withholding Growth by Sector [EconTax Blog]

Jun 9, 2021 - In contrast, manufacturing (which has 1.25 million employees in the state) is split among 21 different 3-digit NAICS codes, including the computer equipment and vehicles/aircraft subsectors that both made the top ten.
https://lao.ca.gov/LAOEconTax/Article/Detail/662

Income Tax Withholding Tracker: May 1 - May 28 [EconTax Blog]

May 28, 2021 - The final graph compares the state ’s year over year percent change in cumulative withholding in 2020-21 to the nation ’s withholding from the federal income tax, and shows that state collections have maintained a faster pace for months.
https://lao.ca.gov/LAOEconTax/Article/Detail/660

State Fiscal Health Index: November 2019 [EconTax Blog]

Jan 9, 2020 - State Fiscal Health Index: November 2019 [EconTax Blog] State Fiscal Health Index: November 2019 January 9, 2020 Justin Garosi Bottom Line: Data provides a mixed message about the condition of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/426

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 14, 2023 - The data come from the state ’s Metrc “track and trace” system for licensed cannabis. In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2022.
https://lao.ca.gov/Publications/Report/4777

The 2023-24 Budget: Multiyear Budget Outlook [Publication Details]

May 23, 2023 - The 2023-24 Budget: Multiyear Budget Outlook [Publication Details] Description: This brief presents our office’s independent assessment of the condition of the state General Fund budget through 2026‑27 under our forecast of revenues and spending, assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Detail/4772