July 2020 Tax Payments Tracker: July 24 Update [EconTax Blog]

Jul 24, 2020 - July 2020 Tax Payments Tracker: July 24 Update [EconTax Blog] Brian Weatherford In a normal year, April and June are key months for state personal income tax and corporation tax collections, while July is relatively uneventful.
https://lao.ca.gov/LAOEconTax/Article/Detail/506

Income Tax Withholding Tracker: July 20-July 24 [EconTax Blog]

Jul 24, 2020 - Income Tax Withholding Tracker: July 20-July 24 [EconTax Blog] Income Tax Withholding Tracker: July 20-July 24 July 24, 2020 Brian Uhler Bottom Line:   California income tax withholding this week made up for last week ’s decline, and total collections since late March sit at just 1.6 percent below the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/503

Home Prices Update: June 2020 [EconTax Blog]

Jul 20, 2020 - The graph below shows appreciation over the past 12 months for the state ’s 15 largest counties. The four central San Francisco Bay Area counties (Alameda, Contra Costa, San Francisco, and San Mateo) have seen little or no home price growth over the past 12 months, although this has not been the case in neighboring and equally expensive Santa Clara.
https://lao.ca.gov/LAOEconTax/Article/Detail/500

Need-Based Financial Aid Award Amounts [EdBudget]

Jul 20, 2020 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit (CATC). The 2020-21 Budget Act reduces the maximum supplemental award amount from $24 to $12 to reflect a decline in available revenues in the CATC Fund.
https://lao.ca.gov/Education/EdBudget/Details/406

Cal Grant Spending [EdBudget]

Jul 20, 2020 - Also does not include an offsetting $5 million decrease in College Access Tax Credit (CATC) funds due to a projected decline in available revenues in the account.  b Less than $500,000 or 0.05 percent.
https://lao.ca.gov/Education/EdBudget/Details/402

July 2020 Tax Payments Tracker [EconTax Blog]

Jul 17, 2020 - July 2020 Tax Payments Tracker [EconTax Blog] Brian Weatherford In a normal year, April and June are key months for state personal income tax and corporation tax collections, while July is relatively uneventful.
https://lao.ca.gov/LAOEconTax/Article/Detail/499

Income Tax Withholding Tracker: July 13-July 17 [EconTax Blog]

Jul 17, 2020 - Income Tax Withholding Tracker: July 13-July 17 [EconTax Blog] Income Tax Withholding Tracker: July 13-July 17 July 17, 2020 Brian Uhler Bottom Line:   California income tax withholding slumped a bit this week but total collections since mid-March remain only about 2 percent below the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/497

U.S. Retail Sales: June 2020 [EconTax Blog]

Jul 16, 2020 - For example, sales by bars and restaurants —another major source of sales tax revenue —were down 26 percent compared to the same time last year.  
https://lao.ca.gov/LAOEconTax/Article/Detail/495

Income Tax Withholding Tracker: July 6-July 10 [EconTax Blog]

Jul 10, 2020 - Income Tax Withholding Tracker: July 6-July 10 [EconTax Blog] Income Tax Withholding Tracker: July 6-July 10 July 10, 2020 Brian Uhler Bottom Line:   California income tax withholding was surprisingly high this week and is now within 2 percent of the comparable period in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/494

Income Tax Withholding Tracker: June 29-July 3 (UPDATED) [EconTax Blog]

Jul 6, 2020 - Income Tax Withholding Tracker: June 29-July 3 (UPDATED) [EconTax Blog] This post is updated to include withholding data from Friday July 3rd.     Bottom Line:   California income tax withholding continues to run about 3 percent below the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/490