Why is Venture Capital Funding a Useful Economic Indicator? [EconTax Blog]

Feb 18, 2021 - Many California firms th at relied on VC funding at various stages of their development went public in 2020, and this contributed to surprisingly strong growth in personal income tax revenue despite the deep recession caused by the pandemic.  
https://lao.ca.gov/LAOEconTax/Article/Detail/626

The 2022-23 Budget: Governor’s Public Safety Package

Feb 17, 2022 - In a July 2021 analysis of violent crime in large California counties, PPIC found that the share of crimes involving guns increased for homicides, aggravated assaults, and  robberies. Increase in Number of Armed and Prohibited Persons.
https://lao.ca.gov/Publications/Report/4546

Cap-And-Trade Auction Update and GGRF Projections

Dec 6, 2021 - For example, the Legislature could use GGRF to provide lump sum rebates to households, reduce other state taxes (such as sales tax rates), or use the funds to reduce retail electricity rates. Importantly, each of these “revenue recycling” options could be structured in a way that maintains cap‑and‑trade’s incentive for households and businesses to reduce
https://lao.ca.gov/Publications/Report/4480

Snapshot of the California Economy: December 2020 [EconTax Blog]

Feb 4, 2021 - One the one hand, payrolls (as measured by state income tax withholding, which is disproportionately tied to earnings of higher-income individuals) and stock prices reached new highs in December. On the other hand, total employment in the state dropped slightly in December, unemployment remained widespread, and spending on restaurants and entertainment remains sever ely depressed.  
https://lao.ca.gov/LAOEconTax/Article/Detail/619

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - The Legislature can respond to excess revenues by (1)  lowering tax revenues, (2) splitting the excess between taxpayer rebates and one ‑time payments to school and community college districts, or (3) appropriating more money for purposes excluded from the limit.
https://lao.ca.gov/Publications/Report/4473

The 2021-22 Budget: Transitional Kindergarten Expansion Package

Feb 5, 2021 - Funds will be distributed to county offices of education, school districts or charter schools based on a competitive process developed by the state Superintendent of Public Instruction, subject to the approval of the e xecutive director of the State Board of Education.
https://lao.ca.gov/Publications/Report/4350

The 2021-22 Budget: Special Education Proposals

Feb 4, 2021 - The Governor ’s budget also provides $250, 000 o ngoing to designate a district or county office of education to provide technical assistance on Medi ‑Cal billing as part of the statewide system of support.
https://lao.ca.gov/Publications/Report/4345

The 2020-21 Budget: Resources and Environmental Protection

Feb 25, 2020 - Tijuana River and New River Restoration Projects The Governor proposes providing funding for projects to address pollution flowing into Southern California in binational rivers across the border from Mexico —$ 35  m illion for the Tijuana River in San Diego County and $ 28  m illion for the New River in Imperial County.
https://lao.ca.gov/Publications/Report/4178

A New Method For Current Year Revenue Forecasting [EconTax Blog]

Sep 20, 2021 - To fill this void, our office recently developed a model to provide a monthly update of the forecast of current year collections from the state ’s “big three ” revenues (personal income, sales, and corporation taxes).
https://lao.ca.gov/LAOEconTax/Article/Detail/696

Assessing Vulnerability of State Assets to Climate Change

Jan 9, 2020 - To what extent could there be broader financial or economic impacts from major climate-caused disasters, such as impacts on regional economies and tax revenues? Beyond Assessment —Development and Implementation of Adaptation Plans.
https://lao.ca.gov/Publications/Report/4133