July 2021 Jobs Report [EconTax Blog]

Aug 20, 2021 - The figure below shows how employment has evolved in both the state and the nation since the start of the pandemic. Overall employment in the state as of the middle of June  was 6.4 percent below the level of February 2020, considerably worse than the national figure of 3.7 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/686

How Long Do Firms Take from Founding to IPO? [EconTax Blog]

Aug 18, 2021 - As a result, the state should continue to see significant revenues from IPOs for the foreseeable future. Initial public offerings (IPOs) of California-based companies often generate significant tax revenues for the state.
https://lao.ca.gov/LAOEconTax/Article/Detail/685

California New Business Creation: July 2021 [EconTax Blog]

Aug 9, 2021 - California New Business Creation: July 2021 [EconTax Blog] California New Business Creation: July 2021 August 9, 2021 Brian Uhler The extent of new business creation in California can be a useful gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/683

Federal Relief Funding for Higher Education [EdBudget]

Aug 6, 2021 - CSU = California State University. UC = University of California. CARES = Coronavirus Aid, Relief, and Economic Security. CRRSAA = Coronavirus Response and Relief Supplemental Appropriations Act. ARP = American Rescue Plan.
https://lao.ca.gov/Education/EdBudget/Details/522

Financial Aid Award Amounts [EdBudget]

Aug 6, 2021 - Financial Aid Award Amounts [EdBudget] Notes:   Figure shows selected ongoing state and institutional gift aid programs supported with core funds (state General Fund and student tuition revenue). Although eligibility criteria vary by program, these programs generally require students to meet certain financial criteria.
https://lao.ca.gov/Education/EdBudget/Details/540

Financial Aid Award Coverage [EdBudget]

Aug 6, 2021 - Aid is applied after other federal, state, and institutional grants. Available for up to four years of full-time study (or its equivalent). UC and CSU summer financial aid Provides tuition coverage for UC and CSU students enrolled in state-supported courses during the summer term.
https://lao.ca.gov/Education/EdBudget/Details/539

Middle Class Scholarship Program [EdBudget]

Aug 6, 2021 - CSU = California State University. UC = University of California. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/538

Building Permits Update: June 2021 [EconTax Blog]

Aug 5, 2021 - Single family activity has rebounded since last spring ’s pandemic-driven slump, as prices have risen sharply in most of the state ’s metropolitan areas. The Inland Empire, Sacramento, and Los Angeles areas had the most permits in that order, which is the typical pattern.
https://lao.ca.gov/LAOEconTax/Article/Detail/682

Home Prices Update: June 2021 [EconTax Blog]

Jul 28, 2021 - The next figure shows the month to month change in home prices in the state and the nation. The state has seen more price growth than the nation in each of the last eleven months. In June, both the state growth rate of 2.83 percent and the national figure of 1.97 percent were the highest monthly growth rates recorded in Zillow ’s entire database dating back to 1996.
https://lao.ca.gov/LAOEconTax/Article/Detail/681

Home Sales Update: June 2021 [EconTax Blog]

Jul 28, 2021 - Historically low mortgage rates, strong income growth among the state’s higher earners, and possibly the increased emphasis on working from home have contributed to the recent boom, although it now appears that the sharp increases in prices in most of the state may be tempering buyers’ enthusiasm to some extent.
https://lao.ca.gov/LAOEconTax/Article/Detail/680