Background information on LAO's May 2012 economic and revenue forecasts

May 18, 2012 - Figure 6 compares the LAO May 2012 revenue estimate related to the Facebook IPO with those in other recent forecasts. The IPO was announced in February and thus was not included in the Governor ’s January 2012 forecast. ( Additional information on our May 2012 Facebook IPO revenue forecast was published on this website on May 15.)
https://lao.ca.gov/Recommendations/Details/599

^[PDF] The 1989-90 Budget: Perspectives and Issues

The annual state costs of this proposal, once fully phased in, would amount to approximately $400 million in today'sdollars. • UC Pension Costs (-$68 million). The state traditionally funds the employer's share of retirement costs for the University of California.
https://lao.ca.gov/analysis/1989/pandi_89_part1.pdf

Frequently asked questions concerning Facebook and California's General Fund

Aug 1, 2012 - At some point in the future, for these and other reasons, state revenue estimates likely will change to display Facebook-related revenues as simply "lumped in" with the state's other taxes. (State tax agency data on actual tax payments, for example, cannot indicate in detail which specific company's stock sales and related transactions resulted in a given amount of tax revenue.)
https://lao.ca.gov/Recommendations/Details/618

LAO commentary on Facebook IPO and state revenue forecasts

May 15, 2012 - While our office ’s state revenue forecast displays Facebook revenues only in the PIT, we acknowledge that the huge amount of wealth resulting from the company ’s IPO will benefit other state and local revenue sources in the near term.
https://lao.ca.gov/Recommendations/Details/596

Summary of LAO Findings and Recommendations on the 2012-13 Budget

While our office ’s state revenue forecast displays Facebook revenues only in the PIT, we acknowledge that the huge amount of wealth resulting from the company ’s IPO will benefit other state and local revenue sources in the near term.
https://lao.ca.gov/laoapp/budgetlist/PublicSearch.aspx?PolicyAreaNum=70&KeyCol=596&Yr=2012

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: University of California

Feb 26, 2026 - Spending Trends UC ’s Spending Is Driven by a Few Major Cost Pressures. In addition to understanding UC ’s reliance on state support and tuition revenue, it is important to understand UC ’s spending trends and core cost pressures.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - UC, CSU, and CCC also are focused on improving learning outcomes for students. One way they routinely do this is by providing opportunities for faculty professional development. A few of these existing opportunities are: UC faculty have access to teaching and learning centers where they receive support related to course redesign and creating more inclusive pedagogy to improve student outcomes, including in STEM courses.
https://lao.ca.gov/Publications/Report/5171

Changes in University of California General Fund Spending [EdBudget]

Feb 13, 2026 - These figures were provided by UC. DOF included in Schedule 9 the original appropriations. e Reflects removal of $8.1 million from UC's budget relating to a UC Santa Cruz and Cabrillo College intersegmental housing project being shifted to being supported with Proposition 2 funds.
https://lao.ca.gov/Education/EdBudget/Details/1044