Preparing for Rising Seas: How the State Can Help Support Local Coastal Adaptation Efforts

Dec 10, 2019 - To the degree local property tax revenues drop, this also could affect the state budget because the California Constitution requires that losses in certain local property tax revenues used to support local schools be backfilled by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4121

The 2021-22 Spending Plan: Broadband Infrastructure

Oct 27, 2021 - State law directs CPUC to allocate at least half of the $2  billion for last-mile projects in rural counties, with the remainder allocated to urban counties. Each county, whether rural or urban, will receive an initial allocation of $5  million in funding.
https://lao.ca.gov/Publications/Report/4467

Building Permits Update: May 2021 [EconTax Blog]

Jul 5, 2021 - Los Angeles County permitted the most units as usual, followed distantly by San Bernardino and Santa Clara counties. Nonresidential construction permit activity has been very weak every month this year except March.
https://lao.ca.gov/LAOEconTax/Article/Detail/673

Updated 2022-23 "Big Three" Revenue Outlook [EconTax Blog]

Aug 1, 2022 - Consistent with this, our updated estimates suggest collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —are likely  to fall below the Governor 's Budget assumption of $200  billion.
https://lao.ca.gov/LAOEconTax/article/Detail/744

Updated 2022-23 "Big Three" Revenue Outlook [EconTax Blog]

Aug 1, 2022 - Consistent with this, our updated estimates suggest collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —are likely  to fall below the Governor 's Budget assumption of $200  billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/744

An Analysis of the University of California’s Agricultural and Natural Resource Programs

Jan 6, 2022 - UC has Cooperative Extension offices in 57 of the state ’s 58 counties, with multiple offices in some counties (Figure  3). UC ANR typically leases these offices from county governments. UC ANR also owns and manages nine sites known as “Research and Extension Centers. ” These centers support specialized applied research and host outreach activities.
https://lao.ca.gov/Publications/Report/4490

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - The 2022-23 Budget: Temporary Limits on Business Tax Provisions The 2022‑23 Budget Temporary Limits on Business Tax Provisions Summary. This post provides background on temporary limits on the use of net operating loss deductions and business tax credits.
https://lao.ca.gov/Publications/Report/4500

Home Prices Update: August 2020 [EconTax Blog]

Sep 23, 2020 - The graph below shows appreciation over the past 12 months for the state ’s 15 largest counties. Santa Clara County shows by far the highest home price growth among this group, although its Bay Area neighbors Alameda, Contra Costa, San Francisco, and San Mateo have all lagged behind the state ’s other large counties.
https://lao.ca.gov/LAOEconTax/Article/Detail/551

U.S. Retail Sales Update: August 2021 [EconTax Blog]

Sep 17, 2021 - U.S. retail sales (seasonally adjusted) grew 0.7 percent from July to August. Retail sales remain elevated due to dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/694

The 2022-23 Budget: State Payments on the Federal Unemployment Insurance Loan

Feb 15, 2022 - Businesses Set to Pay Add ‑On Federal UI Tax Beginning in 2023. To repay the federal loans, the federal UI payroll tax rate on employers will increase by 0.3  percent for tax year 2022. However, employers will not pay this higher rate until 2023  when employers remit their 2022 federal UI payroll taxes.
https://lao.ca.gov/Publications/Report/4543