How does your county compare to counties in the rest of California, or the nation, in terms of the economic recovery?”
That question is answered in an interesting and comprehensive analysis released today by the National Association of Counties (NACo) that examines the performance of all 3,069 county economies. The report is titled “County Tracker 2013: On the Path to Recovery.” NACo’s conclusion: As our county economies go, so goes the nation’s economy.
The LAO released a curious document this week. They’ve been doing a lot of thinking about Facebook. On the one hand, who doesn’t spend a lot of time thinking about Facebook? But they’re doing it during working hours, unlike all of you, no doubt. They’ve been wondering how much this week’s IPO means in revenue [...]
What to do with the extra revenue, if any?
CSAC releases this year’s ERAF/Prop. 172 survey, which reflects the expectation of a statewide property tax decline and the $5.65 billion counties contribute to the state’s General Fund. And Prop. 172 allocations are falling even more dramatically.
That’s the amount of revenue the state needs to receive in order to meet April’s cash projections. What was once a somewhat-rosy financial picture over the last few weeks appears to be withering away. The state took in about $574.5 million in personal income tax receipts on Friday, April 23, taking the monthly total to [...]