How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - CWA Section 401 certification (dredge/fill certification) State and Regional Water Boards For WOTUS, issued in conjunction with Section 404 permits to ensure projects also comply with state water quality standards.
https://lao.ca.gov/Publications/Report/5144

The 2024-25 Budget: Future of Public Health Budget Solution

May 21, 2024 - The state operations portion focused primarily on workforce development and emergency preparedness and response and included 404 positions in its spending plan. The funding for LHJs was distributed based on population and equity measures and at least 70  percent of funding is required to be spent on workforce (LHJs plan to hire about 1,300 new positions with the funding).
https://lao.ca.gov/Publications/Report/4904

The 2022-23 Budget: Public Health Foundational Support

Feb 16, 2022 - The plan proposes 404 new positions at CDPH, a 15  percent increase across the relevant CDPH centers and offices, which had 2,617 authorized positions as of December 1, 2021. CDPH intends to draft duty statements for the 404 new positions from January through May of this year, begin advertising positions from May to July, and conduct interviews and make candidate selections from July to October.
https://lao.ca.gov/Publications/Report/4544

The 2022-23 Budget: Office of Planning and Research Budget Proposals

Feb 9, 2022 - To increase awareness about the program and to recruit volunteers, California Volunteers would develop a robust marketing campaign using social media platforms, such as Facebook and Ring Neighborhoods, and provide communications support to neighborhood leaders. $1.5   Million for Digital Infrastructure.
https://lao.ca.gov/Publications/Report/4523

Reducing the Destructiveness of Wildfires: Promoting Defensible Space in California

Sep 30, 2021 - A key strategy for reducing home losses during wildfires is for homeowners to maintain an area free of excess or dead vegetation around their homes, known as defensible space.
https://lao.ca.gov/Publications/Report/4457

The 2020-21 Budget: Labor Agreements to Achieve Budgetary Savings

Sep 9, 2020 - As of December 31, 2019, 404 Unit 2 members —roughly 9  percent of the bargaining unit —have vacation or annual leave balances exceeding the existing 640 hour cap. Contract Reopener. Under the side letter, the Director of Finance has sole discretion to determine whether or not there are sufficient revenues to restore suspensions or deferrals or other compensation reductions provided by the agreement before the scheduled restoration.
https://lao.ca.gov/Publications/Report/4267

Fiscal Outlook: Estimating Wages and Salaries [EconTax Blog]

Nov 14, 2018 - We expect workers in technology sector jobs —which includes firms conducting data processing, software development, and web search, like Google and Facebook —to see strong growth in both average wages and jobs.
https://lao.ca.gov/LAOEconTax/Article/Detail/321

The 2018-19 Budget: Analysis of the May Revision Education Budget Proposals

May 14, 2018 - Proposition 98 funding per student is $11,428, an increase of $404 (3. 7 p ercent) over the revised 2017 ‑ 18 l evel. Figure 2 Comparing K ‑12 Proposition  98 Funding Under Governor ’s Budget and May Revision (Total Funding in Millions)
https://lao.ca.gov/Publications/Report/3834