Income Tax Withholding Tracker: May 11-May 15 [EconTax Blog]

May 18, 2020 - Income Tax Withholding Tracker: May 11-May 15 [EconTax Blog] Income Tax Withholding Tracker: May 11-May 15 May 18, 2020 Brian Uhler Bottom Line: Income tax withholding this week was 23 percent below the comparable week last year, a reversal from the previous week ’s gain.  
https://lao.ca.gov/LAOEconTax/Article/Detail/465

Income Tax Withholding Tracker: May 4-May 8 [EconTax Blog]

May 8, 2020 - Income Tax Withholding Tracker: May 4-May 8 [EconTax Blog] Income Tax Withholding Tracker: May 4-May 8 May 8, 2020 Brian Uhler Bottom Line: Income tax withholding unexpectedly surged this week, but cumulative collections since March 23 remain somewhat below last year ’s level.  
https://lao.ca.gov/LAOEconTax/Article/Detail/463

Income Tax Withholding Tracker: April 27-May 1 [EconTax Blog]

May 1, 2020 - Income Tax Withholding Tracker: April 27-May 1 [EconTax Blog] Income Tax Withholding Tracker: April 27-May 1 May 1, 2020 Brian Uhler Bottom Line: Income tax withholding this week was nearly 30 percent below the comparable week last year, the steepest dropoff of any week since the pandemic started.  
https://lao.ca.gov/LAOEconTax/Article/Detail/460

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

Apr 24, 2020 - Income Tax Withholding Tracker: April 20-April 24 [EconTax Blog] Income Tax Withholding Tracker: April 20-April 24 April 24, 2020 Brian Uhler Bottom Line: Weakness in income tax withholding continued this week, with collections experiencing a slightly steeper decline than they did during the comparable week of the Great Recession.  
https://lao.ca.gov/LAOEconTax/Article/Detail/458

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - The Governor ’s budget includes nearly $3  billion in reductions, the largest of which is withdrawing a discretionary principal payment on state ’s unemployment insurance loan (which otherwise is paid by employers ’ payroll taxes).
https://lao.ca.gov/Publications/Report/4662

2021-22 “Big Three” Revenue Outlook Update: March 2022 [EconTax Blog]

Mar 28, 2022 - We currently project that there is a very good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the Governor ’s Budget assumption of $185 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/729

The 2023-24 Budget: Medi-Cal Fiscal Outlook

Nov 16, 2022 - The current MCO tax has been in place since January 2020 and is scheduled under current law to end in December 2022. We project the end of this tax will increase General Fund spending by $1.5 billion in 2023‑24.
https://lao.ca.gov/Publications/Report/4649

The 2023-24 Budget: Medi-Cal Fiscal Outlook [Publication Details]

Nov 16, 2022 - This brief provides our annual fiscal outlook for General Fund spending in Medi-Cal. It summarizes our projections, describes the major factors driving our projections, and highlights several uncertainties.
https://lao.ca.gov/Publications/Detail/4649

Building Permits Update: July 2021 [EconTax Blog]

Sep 7, 2021 - Los Angeles County permitted 1,765 units, but no other metro area had as many as 500. Nonresidential construction permit remains historically weak, and July ’s total of $937 million was the single lowest monthly figure since 2012, when the state ’s economy was far smaller and the price level lower.
https://lao.ca.gov/LAOEconTax/Article/Detail/693

Creating a new online university administered by the University of California (UC). [Ballot]

Dec 26, 2023 - (CCC also relies on local property tax revenue to cover these costs.) Figure 2 provides key fiscal information for each segment. In 2022-23, the three segments together received a total of $18.6 billion in state General Fund support and a total of $8.6 billion in student tuition revenue.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-034