LAO commentary on Facebook IPO and state revenue forecasts

May 15, 2012 - If the Facebook IPO were excluded, this figure would total 4.0 perce nt. Accordingly, around 20 percent of the state ’s personal income growth in 2012 —and nearly 1 percent of all personal income in the state   this year —is expected to be related to Facebook.
https://lao.ca.gov/Recommendations/Details/596

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

If the Facebook IPO were excluded, this figure would total 4.0 percent. Accordingly, around 20 percent of the state ’s personal income growth in 2012 —and nearly 1 percent of all personal income in the state   this year —is expected to be related to Facebook.
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

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

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Evaluating Changes Made in Program 4.0 New Diversity Rules Provide a More Credible Incentive for Applicants. Compared to the version 3.0 diversity requirements, the upcoming changes in version 4.0 represent a more significant incentive for production companies to engage in DEIA activities, since 4  percent of the total credit is contingent on enacting and documenting specific initiatives.
https://lao.ca.gov/Publications/Report/5036

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

California State Library Budget [EdBudget]

May 7, 2025 - In 2024-25, consists of $4.0 million for disaster preparedness and $750,000 for broadband services. In 2025-26, consists of $68.9 million for local library infrastructure projects. d Consists of $2.4 million for disaster preparedness and $750,000 for LGBTQ historical archives preservation. e Less than $500,000. f In 2023-24 and 2025-26, consists of carryover funds for the
https://lao.ca.gov/Education/EdBudget/Details/928

The 2015-16 Budget: Health Benefits for Retired State Employees - Health Benefits for Retired State Employees: Recommendations [Video]

View on YouTube . To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Health Benefits for Retired State Employees: Recommendations March 16, 2015
https://lao.ca.gov/Videos/Player?playlistId=21&videoId=141

California's High Housing Costs: Causes and Consequences - Why Doesn’t California Build Enough Housing? [Video]

View on YouTube . To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Why Doesn’t California Build Enough Housing? March 17, 2015
https://lao.ca.gov/Videos/Player?playlistId=20&videoId=138