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California Fiscal Focus: A Monthly Report from State Controller Betty T. Yee

October 2021

September 2021

August 2021

July 2021

June 2021

May 2021

April 2021

March 2021

February 2021

January 2021

    December 2019

    November 2019

    October 2019

    September 2019

    • Aging with Dignity: Building California’s Silver Economy

    August 2019

    July 2019

    June 2019

    • Elevating Our Ambition to Confront California’s Housing Needs

    May 2019

    March 2019

    • February State Revenues Short of Budget Forecasts
    • Plastics Pollution Is Choking Our Oceans
    • California Working to Clear Backlog of Deferred Maintenance

    February 2019

    • State Revenues Opened 2019 Mostly Below Projections
    • California Faces Imperative to Maintain Climate Leadership
    • To Conform or Not to Conform: California’s Unending Tax Law Debate

    January 2019

    • As Governor Releases First Budget Proposal, Controller Reports State Closed 2018 Short of Projections
    • Examining Effects of U.S.-China Tariffs on the California Economy
    • Federal Tax Reform Balloons Deficit, Necessitating Spending Cuts

      December 2018

      • CA Controller Reports State Revenues Top Estimates in November
      • CalSavers Expands Retirement Savings Options for California Workers
      • Voters Weigh in on Fiscal Priorities

      November 2018

      • Controller Reports State Revenues Missed Projections for October
      • California Works to Stem Loss of Use Tax Revenue
      • Cannabis Tax Implementation and Revenue Update

      October 2018

      • State Revenue Outpacing Expectations for September and Fiscal Year
      • Global Vision for Sustainable Ocean Economies Expands
      • Advances in Gender Equity Precursor to Economic Growth

      September 2018

      • CA Controller Reports State Revenues Surpass Projections for August
      • Controller Yee’s Wrap-Up of Key Legislation in 2018

      August 2018

      • CA Controller Reports State Revenues Missed Expectations for July
      • Climate Summit to Address Practical Steps for Cutting Carbon
      • Skills Gap Stymies Gains for One-Third of California Families

      July 2018

      • CA Controller Reports State Revenues Beat Expectations for June and 2017-18 Fiscal Year
      • New State Budget Prioritizes Saving for Next Downturn, Begins to Address Some Persistent Inequities
      • U.S. Supreme Court Rules on Online Sales Taxation and Union Fair-Share Fees

      June 2018

      • With One Month Remaining in Fiscal Year, State Revenues Fall Short of Projections
      • New Reporting Requirements Heighten Focus on Excessive CEO Pay, with Potential to Influence Customers
      • State Pension Funds Employ Many Tools to Improve Corporate Governance

      May 2018

      • With May Budget Revision Imminent, CA Controller Reports State Revenues Exceeding Projections
      • Perspectives on Demand, Supply, and Affordability amid California Housing Shortage
      • California Population Changing with High Housing Costs

      April 2018

      • Beyond Taxation: Robotics and Rising Seas

      March 2018

      • CA Controller Reports State Revenues Behind February Estimates, Ahead for Fiscal Year
      • The Evolution of the Earned Income Tax Credit
      • Accounting Changes Define OPEB Shortfall, Set Reform Path

      February 2018

      • CA Controller Reports 2018 State Revenues Off to Strong Start
      • Exploring the California Impacts of Federal Tax Changes
      • Health Care Reform and the Changing Nature of Work

      January 2018

      • Amid Economic Uncertainty, Controller Yee Echoes Governor’s Restrained Budget Planning
      • State Lands Commission Works to Address Port Climate Risk
      • Climate Action 100+ Carries Paris Momentum into 2018

        December 2017

        • CA Controller Reports November Revenues Exceed Expectations as Retail Sales Remain Strong
        • New Year Rings in New Laws for California
        • Uptick Expected for Federal Funds Rate

        November 2017

        • CA Controller Reports Strong Sales Keep October Revenues in Line with Estimates
        • The Changing Nature of Work and the California Economy

        October 2017

        • CA Controller Reports State Revenue Outpacing Expectations
        • Californians Support Bond Measures for K-14 Facilities
        • CalPERS, Locals, State Work Together to Address Funding Status

        September 2017

        • CA Controller Reports State’s Three Major Taxes Beating Expectations
        • California Moves to Make Employer Retirement Plans Available to All
        • Women Face Steeper Climb to a Long, Comfortable Retirement

        August 2017

        • CA Controller Reports Encouraging July Revenues
        • Foreign Earnings and Repatriation: Evaluating Previous Action and Possible Tax Reform
        • How is the Housing Crisis Hurting California’s Economy?

        July 2017

        • CA Controller Reports Revenues $2.68 Billion Short of 2016-17 Budget Act
        • Putting a Price on Carbon: California’s Cap-and-Trade Program

        June 2017

        • CA Controller’s May Cash Report Shows State Revenues Meeting Revised Estimates
        • Favorable Taxation of Carried Interest Ignites Controversy and Change
        • Pension Funds Work to Advance Long-Term Sustainability and Profit

        May 2017

        • CA Controller’s April Cash Report Shows Sluggish State Revenues
        • State Lands Commission Safeguards Public Access to Natural Treasures
        • Tax Credits Encourage Green Economy Development

        April 2017

        • CA Controller Reports State Revenues Top March Projections
        • Three Studies Show Affordable Care Act Creates Jobs in California
        • Overview of the Medical and Nonmedical Cannabis Industry

        March 2017

        • CA Controller Reports State Revenues Fell Short of February Projections
        • Outdated Tax Structure Leaves “Modern” Roads Crumbling
        • Understanding the New Employment Credit

        February 2017

        • CA Controller Reports State Revenues Top January Projections
        • New Accounting Standards for Retiree Health Costs
        • Retiree Health Valuation Finds Savings from Benefit Design

        January 2017

        • CA Controller Reports “Big Three” State Revenue Sources Fell Below Budget Estimates for December
        • CalPERS Lowers Discount Rate to Safeguard Retirement Benefits
        • CalPERS Strives to Contain Costs

          Octob1er 2016

          • CA Controller Reports State Revenues Continue to Exceed Expectations
          • Regional Difference in Income Tax Liabilities across California
          • Budget Spotlight: General Fund Condition

          September 2016

          • CA Controller Reports State Revenues Beating Estimates after Four Months of Shortfalls
          • How “Unpredictable” is the State’s General Fund Cash Flow?
          • Budget Spotlight: Higher Education Funding since 2008
          • Property Tax Assistance Available for Homeowners

          August 2016

          • CA Controller’s July Cash Report Shows Revenues Well Short of Budget Projections
          • The Cost of Fighting Wildfires in Drought-Plagued California
          • Paying for Wildfire Prevention and Suppression

          July 2016

          • CA Controller’s June Cash report Highlights Volatility of Personal Income Taxes
          • What is Driving Up Costs for the General Fund?
          • General Fund Resources Running Ahead of Expenditures for Foreseeable Future
          • 2014 Tax Revenues on Capital Gains Highest on Record

          June 2016

          • CA Controller’s May Cash Report Shows Lower-than-Expected Revenues
          • Looking Ahead: State Treasurer Identifies Budget Risks
            If You Build It, Repair Costs Will Come
          • Cautions about Potential Effect of Federal Tax Reform

          May 2016

          • CA Controller’s April Cash Report Shows State Revenues Lagging
          • Nationwide, States Face Fiscal Stresses
          • One Way to Avoid Federal Tax Penalties
          • Governor Reagan’s Mid-Year Budget Correction: Proposing Systemic Change

          April 2016

          • CA Controller’s March Cash Report Shows Higher-than-Expected Revenues
          • The Home Mortgage Interest Deduction: Took a Wrong Turn and Just Kept Going
          • The Budget Dance: Are May Revisions Necessary?
          • What to Look for in the April Tax Returns

          March 2016

          • CA Controller’s February Cash Report Shows Revenues Surpassing Estimates
          • How Would a Sales Tax on Services Affect the Tax System’s Overall Progressivity?
          • Department of Finance Expects Disbursements to Exceed Receipts for 8 Months
          • New Health Finance Package

          February 2016

          • CA Controller’s January Cash Report Shows Revenues Falling Short of Estimates
          • Proposed Budget Would Run Monthly Cash Deficit
          • California Expecting Income and Sales Tax Growth to Keep Pace with National Median
          • Estimating Revenues and Spending over the Next Four Years

          January 2016

          • CA Controller’s December Cash Report Shows Revenues Surpass Estimates by $381.7 Million
          • Low Interest Rates Just One Factor in State and Local Debt Issuance
          • Long-Term Outlook: Cost Pressures

            December 2015

            • CA Controller’s November Cash Report Shows State’s Three Major Taxes Beating Expectations
            • Should We Listen to Motown When Considering Tax Reform?
            • The Shifting Importance of the State’s Major Taxes
            • How is the Affordable Care Act Changing Enrollment and State Health Costs?

            November 2015

            • CA Controller’s October Cash Report Shows Robust Income Tax Revenues
            • Growing Incomes among the Wealthy Present Challenges for California Fiscal Policy
            • What do Estimated Payments Portend?
            • Small Shifts in Spending Patterns = Big Changes in Cash Deficit

            October 2015

            • CA Controller’s September Cash Report Shows Revenues Slightly Lower than Estimates
            • Forty-Year Trend: State Revenues as Share of Personal Income Keep Falling
            • Picturing State Receipts and Disbursements
            • A Partial Explanation of Swings in Revenue from Taxes on Capital Gains

            September 2015

            • CA Controller’s August Cash Report Shows Strong Retail Sales and Use Tax Receipts
            • Cash Management: The Decreasing Need for External Borrowing
            • Designing California’s Tax Structure: Should We Expect Revenues to Keep Up with the Economy?
            • The Inexact Science of Estimating Revenues

            August 2015

            • CA Controller’s July Cash Report Shows Revenues Close to Projections
            • Q&A: Why Do Tax Flows Change from Month to Month?
            • Can Tax Reform Be Part of the Budget Process?
            • With CA Spending Swings, Few Months Are “Average”

            July 2015

            • June Cash Report Shows Another Surge to End 2014-15 Fiscal Year
            • Cash Forecast: Rising Confidence in State Finances and Fiscal Management
            • Godot and Recession: What to Expect in the Next Few Budgets
            • A “Failed State” No Longer, California’s Fiscal Health Stronger than Most