Federal Paid Leave for Workers Impacted by COVID-19

Mar 27, 2020 - Recent guidance from federal tax agencies and the Department of Labor seeks to minimize this concern. Typically, businesses are required to withhold (from employee paychecks) federal income taxes and the employee’s share of Social Security and Medicare payroll taxes, and submit those payroll taxes at the end of each quarter.
https://lao.ca.gov/Publications/Report/4212

K-12 Funding by Source [EdBudget]

Mar 4, 2021 - The 2021-22 amount excludes approximately $1.3 billion related to programs affected by this shift. d Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. e The 2020-21 amount consists of $4.4 billion from the Coronavirus Relief Fund, $1.6 billion from the Elementary
https://lao.ca.gov/Education/EdBudget/Details/485

Income Tax Withholding Tracker: June 8-June 12 [EconTax Blog]

Jun 12, 2020 - Income Tax Withholding Tracker: June 8-June 12 [EconTax Blog] Income Tax Withholding Tracker: June 8-June 12 June 12, 2020 Brian Uhler Bottom Line:   There has been a notable improvement in income tax withholding recently, with collections in each of the last three weeks coming in ahead of the comparable weeks in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/479

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC) Expands Earned Income Tax Credit (EITC) Overview The EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4099

Income Tax Withholding Tracker: June 1-June 5 [EconTax Blog]

Jun 5, 2020 - Income Tax Withholding Tracker: June 1-June 5 [EconTax Blog] Income Tax Withholding Tracker: June 1-June 5 June 5, 2020 Brian Uhler Bottom Line:   Total income tax withholding since March 23 is down about 4 percent compared to last year, and this week ’s collections were very close to the comparable week in 2019 .
https://lao.ca.gov/LAOEconTax/Article/Detail/477

Income Tax Withholding Tracker: May 25-May 29 [EconTax Blog]

May 29, 2020 - Income Tax Withholding Tracker: May 25-May 29 [EconTax Blog] Income Tax Withholding Tracker: May 25-May 29 May 29, 2020 Brian Uhler Bottom Line: Total income tax withholding since March 23 is down about 4 percent compared to last year, although this week ’s collections were above the comparable week in 2019 .
https://lao.ca.gov/LAOEconTax/Article/Detail/474

Proposition 28 [Ballot]

Nov 8, 2022 - The California Constitution requires the state to set aside a minimum amount of state General Fund and local property tax revenue each year (annually) for public schools and community colleges. (The General Fund is the state ’s main operating account, which pays for education, prisons, health care, and other public services.)
https://lao.ca.gov/BallotAnalysis/Proposition?number=28&year=2022

Income Tax Withholding Tracker: May 18-May 22 [EconTax Blog]

May 22, 2020 - Income Tax Withholding Tracker: May 18-May 22 [EconTax Blog] Income Tax Withholding Tracker: May 18-May 22 May 22, 2020 Brian Uhler Bottom Line: Income tax withholding this week was 9 percent below the comparable week last year, a comparable drop to the same week during the Great Recession.  
https://lao.ca.gov/LAOEconTax/Article/Detail/470

Cannabis Tax Revenue Update [EconTax Blog]

May 23, 2019 - 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/376

The 2019-20 Budget: Analysis of the Medi-Cal Budget [Publication Details]

Feb 13, 2019 - Specifically, we advise the Legislature to seriously consider renewing the managed care organization tax, despite the Governor not proposing to do so; present issues for consideration related to the Governor's proposed expansion of comprehensive Medi-Cal coverage for young adults regardless of immigration status; and provide an initial assessment of the Governor's proposals to use Proposition 56 funding in Medi-Cal to extend and expand provider payment increases.
https://lao.ca.gov/Publications/Detail/3935