The 2020-21 Budget: Initial Comments on the Governor’s May Revision

May 17, 2020 - The administration proposes to remit the remaining CRF funds to schools ($ 4  b illion), counties ($1. 3  b illion), and cities ($ 450  m illion). Budget Solutions Mix of Solutions Reasonably Well ‑Balanced.
https://lao.ca.gov/Publications/Report/4232

Overview of Federal COVID-19 Research Funding

May 13, 2020 - (This amount excludes federal tax credits. According to the Internal Revenue Service, in tax year 2014, the most recent year with publicly available data, corporations claimed a total of $12.6  billion in federal tax credits for their R &D activities.)
https://lao.ca.gov/Publications/Report/4230

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

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Cash Management A Sizeable Cash Cushion Allows the State to Withstand the Delay in the Tax Filing Date … The state ’s sizeable reserve balances have contributed to a strong cash position in recent years.
https://lao.ca.gov/Publications/Report/4228

State Corrections: Response to COVID-19

May 8, 2020 - On March  24, 2020, the Governor issued Executive Order N-36 ‑20, which directed the Secretary of CDCR to temporarily suspend intake to state prison —meaning inmates sentenced to state prison will instead remain in county jail until the suspension is lifted.
https://lao.ca.gov/Publications/Report/4229

Judicial Branch Actions Responding to COVID-19

May 6, 2020 - The judicial branch consists of (1)  statewide courts (the Supreme Court and Courts of Appeal), (2)  local trial courts in each of the state ’s 58 counties, and (3)  statewide entities of the judicial branch (the Judicial Council, the Judicial Council Facility Program, and the Habeas Corpus Resource Center).
https://lao.ca.gov/Publications/Report/4227

Building Permits Update: March 2020 [EconTax Blog]

May 5, 2020 - It is not clear how much March activity was affected by the pandemic: many counties reported average or higher numbers of permits, but the statewide count was well below the recent average for March after being well above average in January and February.
https://lao.ca.gov/LAOEconTax/Article/Detail/461

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

Federal COVID-19-Related Funding to California

Apr 28, 2020 - These include payments to the state government, local governments (including cities, counties, and special districts), tribal governments, and other public entities (like housing authorities, school districts, and other local educational agencies).
https://lao.ca.gov/Publications/Report/4226

An Overview of Federal Higher Education Relief

Apr 28, 2020 - These public higher education segments primarily use state funding, along with student tuition revenue (and, at CCC, local property tax revenue), to cover their core operating expenses. These expenses include faculty salaries, employee benefits, building maintenance, equipment, and supplies.
https://lao.ca.gov/Publications/Report/4225