Insights on L.A. – CA’s Tax System – What’s Next?

Big Picture The current state budget of CA is $203B, comprised of the general fund ($133B), special funds ($63.4B) and bond funds ($6.04B). Seventy-five percent of the budget goes to “local assistance” programs that include schools (39% of GF goes to K-12), community colleges, CalWORKS families, Medi-Cal doctors, child care…

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L.A. Job Centers

Employment Centers in L.A. Location 1997 2019 Types of Jobs Types of Jobs El Segundo Non-Center 70K   professional, scientific and technical services, manufacturing San Fernando Non-Center 53K   software engineering, data processing, internet development, motion picture and video production — has grown about 74 percent over the last decade. Santa Fe…

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Insights on L.A. – March 30, 2020

Insights on L.A. Quote of the Week: “We have never in modern history suggested that people not work, that entire countries stay at home, and that we all keep a safe distance from one another. This is not about GDP or the economy: it is about our lives and livelihoods.”…

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Revisiting the 2017 Tax Cuts and Jobs Act

It has been two years since the 2017 Tax Cuts and Jobs Act was signed into law.  The goal of the bill was to simplify the tax code and curb special deductions.  The most contentious piece of the bill was the $10,000 cap on state and local tax deductions.  Champions…

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Housing in L.A. – Planning is Everything, the Plan Means Nothing

SCAG’s 6th Cycle Regional Housing Needs Assessment   Last week the Southern California Association of Governments, a group that represents half the state’s population, hosted its regional council to debate their draft 6th cycle Regional Housing Needs Assessment (RHNA) allocation Plan which calls for the development of 1.3 million new units of housing, a Governor Newsom…

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