April 2019: Personal Income Tax Tracker [EconTax Blog]

Apr 2, 2019 - Administration Estimated  State Would  Collect $2.6 Billion in Corporation Tax Payments in April. April also is an important month for corporation tax collections. Many corporations must file both their final (or extension) 2018 tax payments and make an estimated tax   payment for tax year 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/360

Building Permits Update: February 2019 [EconTax Blog]

Apr 1, 2019 - Last month, we noted that several southern California counties had very strong permitting numbers in January. This pattern entirely reversed in February with Los Angeles, Orange, and Riverside counties all issuing less than half their historical average.
https://lao.ca.gov/LAOEconTax/Article/Detail/359

The 2019-20 Budget: Analysis of Proposed Increase in State Funding for Local Child Support Agencies

Mar 26, 2019 - Variation could be a sign of concern (in the case that some counties are performing tasks inefficiently) or a sign of innovation (in the case that some counties have identified streamlined practices).
https://lao.ca.gov/Publications/Report/3989

Housing and Homelessness Funding Impacting Children

Mar 25, 2019 - Earned Income Tax Credit. A state and federal income tax credit for low ‑income working families and individuals, which reduces the tax amount owed by the tax ‑filer and, in some cases, may provide eligible filers with a refundable income amount.
https://lao.ca.gov/Publications/Report/3985

Older Youth Access to Foster Care

Mar 22, 2019 - The regions we investigated further include the San Francisco Bay Area, Los Angeles County, a selection of counties in the Inland Empire and Imperial Valley, a selection of counties in the San Joaquin Valley, and a selection of counties in the rural north of the state.
https://lao.ca.gov/Publications/Report/3980

The 2019-20 Budget: Increasing Compliance With Unclaimed Property Law

Mar 15, 2019 - Include an Unclaimed Property Question on Businesses’ Tax Forms Most California businesses file income tax returns with the Franchise Tax Board (FTB) each year. Under one option, the Legislature could amend tax law to require businesses to respond to a question about unclaimed property as part of their tax filings.
https://lao.ca.gov/Publications/Report/3978

The 2019-20 Budget: Office of Emergency Services

Mar 13, 2019 - Specifically, OES has decided to prioritize funding for projects of the following types: Projects in declared counties (and other counties with significant wildfires) that mitigate the types of damages associated with wildfires and mudslides, including: Soil stabilization.
https://lao.ca.gov/Publications/Report/3961

February 2019 State Tax Collections [EconTax Blog]

Mar 11, 2019 - February 2019 State Tax Collections [EconTax Blog] Carolyn Chu February Revenues Roughly on Track. Overall, February collections for the state ’s three largest sources of revenue —the personal income tax (PIT), sales tax, and corporation tax —were $117 million ahead of the administration ’s January projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/351

The 2019-20 Budget: Assessing the Governor's 1991 Realignment Proposals

Mar 8, 2019 - Rather than reimburse counties based on their actual costs, the state typically provides counties specific revenue sources —like a portion of the sales tax —to pay for their increased fiscal responsibilities (share of cost) under realignment.
https://lao.ca.gov/Publications/Report/3962

The 2019-20 Budget: Assessing the Governor's 1991 Realignment Proposals [Publication Details]

Mar 8, 2019 - The 2019-20 Budget: Assessing the Governor's 1991 Realignment Proposals [Publication Details] Description: This report evaluates the changes the Governor proposes and assesses whether the changes better position 1991 realignment to achieve its intended benefits and meet the principles of a successful state-county fiscal partnership we identified in our October report.
https://lao.ca.gov/Publications/Detail/3962