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UCLA Anderson Forecast January Economic Outlook

Avenu in partnership with the UCLA Anderson Forecast collaborates to provide both micro and macro level views of the economic health of California at the state and local levels. The following economic information has been provided by our colleagues at UCLA Anderson Forecast.

January California Legislative Update

The January California Legislative Update provides an overview of Gov. Newsom’s recently released budget proposal.

October California Legislative Update

The October California Legislative Update provides a broad review of bills that were signed into law by Califonia’s Governor, Gavin Newsom.

June California Legislative Update

The June California Legislative Update covers the passage of the state budget and a number of bills related to the CARES Act. staff is currently monitoring 15 bills that seek to modify existing local taxes and impose new fees. This update provides the latest information on this legislation as well.

June California COVID-19 Update

CLIENT UPDATE #1: Sales and Use Tax: Avenu has been hard at work developing economic assumptions on which to build revenue projections for each of our clients. For many of our clients, Sales and Use Tax is a primary revenue source and one that currently is in a state of flux. The pandemic has caused reduced economic activity, business closures, and uncertainty about the future.  The recent Sales Tax Executive Order from Governor Newsom also impacted sales tax cash flows. This communication is intended to explain the lower than normal first quarter 2020 allocations to local governments resulting from the pandemic and the Governor’s Executive Order.

California’s Legislative Response to COVID-19

Governor Orders Californians to Stay Home Except for Essential Needs. Just prior to sending this update, Governor Gavin Newsom made a major announcement that he was issuing a statewide Executive Order requiring all individuals living in the State of California to stay home or at their place of residence except as needed to follow the federal critical infrastructure sectors. The governor’s order will impact over 40 million residents and is deemed essential to protect public health, establish consistency across the state, and “bend the curve” to disrupt the spread of the virus. The order goes into effect tonight, March 19, 2020 and will remain in place until further notice.

California Legislative Update March 13, 2020

The deadline to introduce bills was February 21. Prior to the deadline, we saw 1,450 new bills introduced between the two houses during the week February 17, with 1,120 bills introduced during the final two days prior to the deadline, bringing the total number of active bills to 2,203.

California – Implementing New Business License Laws in 2020

The following summarizes the legislative and legal developments monitored by our government relations team as part of helping protect your City’s existing UUT revenues. This legislative and legal update covers a number of topics including.

California – Implementing New Business License Laws in 2020

Issues includes:  SB 234, related to family daycare homes;   AB 1607, gender discrimination notifications when issuing a license, SB 205 regarding verification by locals for stormwater discharge program enrollment; and others.  Read the full report here.

Economic News and Trends Report November, 2019 Edition

This edition reports on current national economic data, studies, and research.  The report includes recent retail trends and holiday forecasts.  We encourage you to share this non-confidential report with others in your agency.  Read the full report here.