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

Jan 26, 2021 - Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog] Income Tax Withholding Tracker: January 1 - January 25 January 26, 2021 Brian Uhler Bottom Line: California income tax withholding collections in January to date are 7 percent above January 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/614

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - Below we provide detail on how this assumption is carried out in our forecasts for personal income, corporation, and sales taxes. Personal Income Tax Rapid Growth in Personal Income Tax Revenue. Personal income tax revenue surged in 2020-21 despite the ongoing decline in employment.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - This alternative can include one, or any combination, of  the following: Lower Tax Revenues. In order to reduce tax revenues for tax year 2021, the Legislature most likely would need to act very soon, but the state also could lower revenues for 2022 in the coming months.
https://lao.ca.gov/Publications/Report/4515

K-12 Funding by Source [EdBudget]

Aug 17, 2022 - K-12 Funding by Source [EdBudget]     a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 funding for the California State Preschool Program, and operational expenses of the California Department of Education. b Excludes funding for child care programs administered by the California Department of Social Services
https://lao.ca.gov/Education/EdBudget/Details/661

Child custody and juvenile dependency. [Ballot]

Oct 28, 2021 - This measure could result in an ongoing increase in county workload to the extent that jurisdictional hearings that currently are decided by a judge are instead decided by a jury. For example, child welfare departments and/or county attorneys may need to spend more time preparing for jury trials because of the different rules related to how and what informa tion can be presented to a jury.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-019

Home Prices Update: February 2021 [EconTax Blog]

Apr 5, 2021 - The graph below shows appreciation over the past 12 months for the state ’s 15 largest counties, and suggests that the shift to remote work has been a key factor in recent price changes. San Francisco has long been northern California ’s largest business hub, and historically a large share of its work force has commuted in from other counties.
https://lao.ca.gov/LAOEconTax/Article/Detail/637

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - Specifically, SAL requirements can only be met with: Tax Reductions or Tax Refunds. The first way the Legislature can allocate revenues in order to comply with the SAL is to reduce proceeds of taxes, for example, by reducing tax rates, increasing tax credits, or returning funds to taxpayers through tax refunds.
https://lao.ca.gov/Publications/Report/4598

Income Tax Withholding Tracker: December 1 - December 23 [EconTax Blog]

Dec 23, 2020 - Income Tax Withholding Tracker: December 1 - December 23 [EconTax Blog] Income Tax Withholding Tracker: December 1 - December 23 December 23, 2020 Brian Uhler Bottom Line:   California income tax withholding collections in December to date are 19 percent above December 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/603

Building Permits Update: March 2021 [EconTax Blog]

May 11, 2021 - The Inland Empire, Sacramento, and Los Angeles areas had the most permits as usual, but the Oakland area and Orange County also posted high totals. California builders recorded 5,384 multifamily permits in March.
https://lao.ca.gov/LAOEconTax/Article/Detail/652

Cannabis Tax Revenue Update [EconTax Blog]

Nov 30, 2021 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/717