Frequently asked questions concerning Facebook and California's General Fund

Aug 1, 2012 - Frequently asked questions concerning Facebook and California's General Fund Frequently asked questions concerning Facebook and California's General Fund Program: Revenues Finding or Recommendation: This item lists answers to frequently asked questions concerning Facebook's stock and California's General Fund budget for 2012-13.
https://lao.ca.gov/Recommendations/Details/618

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

The administration ’s estimates assume a $35 IPO share price and a $35 share price roughly six months from now when a large volume of RSU settlement activity is scheduled to occur. LAO Estimates. Our updated Facebook revenue forecasts now assume a $38 IPO share price, which would rise to $45 in six months, with additional share price growth in later years.
https://lao.ca.gov/laoapp/budgetlist/PublicSearch.aspx?PolicyAreaNum=70&KeyCol=596&Yr=2012

LAO commentary on Facebook IPO and state revenue forecasts

May 15, 2012 - The administration ’s estimates assume a $35 IPO share price and a $35 share price roughly six months from now when a large volume of RSU settlement activity is scheduled to occur. LAO Estimates. Our updated Facebook revenue forecasts now assume a $38 IPO share price, which would rise to $45 in six months, with additional share price growth in later years.
https://lao.ca.gov/Recommendations/Details/596

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

LAO Publications

View on YouTube . Format: July 1, 2011 - Summary Tables 2011-12 Budget Package Format: 2009 List of State Boards and Commissions (Partially Updated) June 7, 2011 - This document is a partially updated list of nearly 300 state boards and commissions.
https://lao.ca.gov/Publications?page=4&year=0&publicationType=0&type=Other

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e
https://lao.ca.gov/Education/EdBudget/Details/1025

Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - If CARB were to set a relatively low ceiling price, it would help limit the costs of the program on businesses and households —improving affordability —but would also increase the likelihood that prices reach the ceiling.
https://lao.ca.gov/Publications/Report/5097

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - Including California ’s other large technology firms, the state ’s tech companies make up more than 60 percent of the total value of the Nasdaq 100 index, a list of the 100 most valuable companies listed on the Nasdaq stock exchange.
https://lao.ca.gov/LAOEconTax/Article/Detail/843

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - Including California ’s other large technology firms, the state ’s tech companies make up more than 60 percent of the total value of the Nasdaq 100 index, a list of the 100 most valuable companies listed on the Nasdaq stock exchange.
https://lao.ca.gov/LAOEconTax/article/Detail/843