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May Revision: LAO Economic Outlook May 15, 2015

Our office's May Revision economic outlook, responding to the administration's economic projections, notes that California's growth recently has outpaced the nation's.


DOF Budget Resources Online: Economics and Revenues May 14, 2015

With the 2015-16 May Revision, the Governor's administration posts updated economic and revenue resources related to its budget proposal online.


4/2015: Personal Income Tax Far Above Projections May 8, 2015

This post provides updated data from the tax agencies on monthly agency cash collections of California's key state taxes.


April 2015 Daily Personal Income Tax Tracker May 1, 2015

We tracked April 2015 personal income tax (PIT) collections on a daily basis. April is a key month for collections of the PIT, the state government's largest revenue source.


3/2015: Revenues $1.3 Billion Above Fiscal Year Projection April 15, 2015

This note provides information on March 2015 state tax collections.


April 15 and Accruals: Complexity April 15, 2015

This note discusses the state's complex revenue accrual rules, which affect Proposition 98 school funding and various aspects of state budgeting, in the context of the April 15 personal income tax deadline.


General Fund Portion of CPUC's PG&E Penalty April 9, 2015

A portion of the California Public Utilities Commission's $1.6 billion penalty against the Pacific Gas and Electric Company (PG&E) affects state General Fund budgetary revenues.


February 2015 Income Taxes Far Above Forecast March 17, 2015

This post discusses February 2015 personal income, sales, and corporate income tax collections (the General Fund's "Big Three" tax sources).


Possible PG&E General Fund Penalty Payment March 13, 2015

We discuss Pacific Gas and Electric Company's possible penalty payment to California's General Fund related to the San Bruno pipeline explosion.


New College Access Tax Credit Affects Budget Revenue Projections February 27, 2015

This note discusses the complex effects on state budget revenue projections related to the new College Access Tax Credit.


Cap-and-Trade Revenue: Likely Much Higher Than Governor's Budget Assumes February 26, 2015

We discuss the February 18, 2015 cap-and-trade auction.


State Bond Documents: Tax Litigation Disclosures February 26, 2015

The state's preliminary official statements for bond offerings, such as the planned March 4 general obligation bond sale, contain significant information about the state's finances, including litigation related to state revenues and spending.


Unclaimed Property is 5th Largest General Fund Revenue Source February 10, 2015

We provide some perspectives on California's unclaimed property program as a General Fund revenue source.


Ending the Triple Flip February 3, 2015

With the upcoming end of the "triple flip," a complex, decade-old mechanism affecting state and local finances in California, we have received several inquiries seeking a basic understanding of what the triple flip is and how its end will work exactly. This note addresses those issues.


Effects of Lower Oil Prices on Economy January 13, 2015

In our Overview of the Governor's Budget, we note that lower oil prices should help the economy in the near term.