The 2020-21 Budget: Higher Education Analysis

Feb 20, 2020 - The Chancellor ’s Office states that this proposed rate increase was chosen to align with the anticipated rate of inflation in the upcoming year. Such an increase would generate about $ 50  m illion in additional net revenue, with an additional $ 25  m illion redirected to CSU ’s financial aid program.
https://lao.ca.gov/Publications/Report/4168

The 2023-24 Budget: CalWORKs

Feb 22, 2023 - Among the most notable changes made to CalWORKs in the past three budgets were: Providing a temporary 10  percent grant increase funded by General Fund and extending from October 1, 2022 to September 30, 2024.
https://lao.ca.gov/Publications/Report/4699

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

May 14, 2021 - March ’s gain was the second largest in at least 25 years, trailing only May 2020, when the stay-at-home orders were relaxed. With this high April figure, cumulative sales from March 2020 through April 2021 are now up 4 percent (a normal growth rate) over the previous 14 month period from January 2019 to February 2020.  
https://lao.ca.gov/LAOEconTax/Article/Detail/653

The 2023-24 Budget: Equity Multiplier and Accountability Proposals [Publication Details]

Feb 23, 2023 - The 2023-24 Budget: Equity Multiplier and Accountability Proposals [Publication Details] Description: This brief provides an overview and analysis of the Governor's proposals to (1) provide ongoing funding for the highest-poverty schools and (2) make several changes to the system of transparency and accountability.
https://lao.ca.gov/Publications/Detail/4700

Income Tax Withholding Tracker: November 9 - November 13 [EconTax Blog]

Nov 13, 2020 - Federal withholding this week was down 16 percent from 2019, and California withholding this week in 2009 was down 25 percent from 2008.  
https://lao.ca.gov/LAOEconTax/Article/Detail/579

The 2023-24 Budget: Analysis of Child Welfare Proposals and Implementation Updates

Feb 22, 2023 - As part of the broader California Behavioral Health Community ‑Based Continuum federal waiver demonstration project, the administration proposes $10.6  million General Fund in 2023 ‑24 for increased child welfare workload costs under DSS beginning January 1, 2024.
https://lao.ca.gov/Publications/Report/4698

The 2021-22 Budget: Department of Toxic Substances Control

Mar 19, 2021 - For instance, the initial rate for businesses with more than 1, 000 e mployees would be $56, 000 p er year, but the maximum level would be set at $112, 000 p er year. The cap would be adjusted annually for inflation according to the Consumer Price Index beginning in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4406

How Does Tech Company Equity Pay Affect Income Tax Withholding? [EconTax Blog]

Nov 16, 2023 - Without the stock price gains, current year withholding receipts would be down 1 percent relative to last year, rather than up 1 percent. Background California Employers Make Regular Income Tax Withholding Payments for Their Employees.
https://lao.ca.gov/LAOEconTax/Article/Detail/789

How Does Tech Company Equity Pay Affect Income Tax Withholding? [EconTax Blog]

Nov 16, 2023 - Without the stock price gains, current year withholding receipts would be down 1 percent relative to last year, rather than up 1 percent. Background California Employers Make Regular Income Tax Withholding Payments for Their Employees.
https://lao.ca.gov/LAOEconTax/article/Detail/789

The 2020-21 Budget: Proposition 98 Education Analysis

Feb 24, 2020 - School districts face fiscal pressures ranging from rising pension costs to higher costs for special education. Though nearly all districts currently hold positive budget ratings, we expect districts to face more difficulty balancing their budgets in the upcoming year.
https://lao.ca.gov/Publications/Report/4174