Frequently asked questions concerning Facebook and California's General Fund

Aug 1, 2012 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Recommendations/Details/618

LAO commentary on Facebook IPO and state revenue forecasts

May 15, 2012 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
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

^[PDF] Overview-Inmate-Mental-Health-Programs-031617.indd

DSH and CDCR Operate Inpatient Psychiatric Programs 5L E G I S L A T I V E A N A L Y S T ’ S O F F I C E March 16, 2017  When CDCR seeks to place an inmate in a DSH inpatient psychiatric bed, DSH staff must agree with CDCR’s assessment that the inmate needs inpatient care and the location the inmate should be served in.  Under the current referral process, ICF
https://lao.ca.gov/handouts/crimjust/2017/Overview-Inmate-Mental-Health-Programs-031617.pdf

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

Essentially, to avoid “double counting ” the Facebook income, this means that both of our revenue estimates consider the economy without Facebook and then add PIT revenues on top of those estimates to account for the IPO.
https://lao.ca.gov/laoapp/budgetlist/PublicSearch.aspx?PolicyAreaNum=70&KeyCol=596&Yr=2012

App-based rideshare and delivery drivers. [Ballot]

Dec 18, 2019 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/BallotAnalysis/Initiative/2019-026

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

May 18, 2012 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Recommendations/Details/599

Proposition 22 [Ballot]

Nov 3, 2020 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/BallotAnalysis/Proposition?number=22&year=2020

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - In the somewhat pessimistic L ‑shaped recession scenario, the state would face annual deficits of around $ 30  b illion and an even larger budget problem in 2021 ‑ 22 t han this year. Over the entire multiyear period, deficits sum to $ 64  b illion in the U ‑shaped scenario and $ 126  b illion in the L ‑shaped scenario.
https://lao.ca.gov/Publications/Report/4228