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: Overview of the Governor's Budget

Jan 12, 2026 - The proposals reduce costs by around $900  million in 2026 ‑27, with savings in future years ramping up to a few billion dollars annually. Other Budget Solutions. The budget also includes a few other, smaller budget solutions.
https://lao.ca.gov/Publications/Report/5101

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - In 2025, 108 (out of over 900) school districts were assigned the lowest performance level in chronic absenteeism for their total student population, while another 388 school districts were assigned the lowest performance level for at least one subgroup.
https://lao.ca.gov/Publications/Report/5100

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - The 2025-26 spending plan includes a one-time augmentation of $72  million General Fund for CalFood (in addition to ongoing funding of $8  million General Fund) resulting in a year-over-year increase of $72  million (900  percent) compared to 2024-25.
https://lao.ca.gov/Publications/Report/5086/3

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - Budget Solutions Budget Package Reduces About $900  Million From Prior Environmental Augmentations. Due to the state budget shortfall, the 2025-26 spending plan makes a number of reductions to previous and planned General Fund augmentations.
https://lao.ca.gov/Publications/Report/5080

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Key proposals include limiting provider overtime and travel hours in the IHSS program (about $700  million, growing to nearly $900  million), reducing Medi ‑Cal payments to clinics that serve patients with unsatisfactory immigration status ($450  million, growing to $1.1  billion), and eliminating certain long ‑term care facility benefits for this population (about $300  million, growing to $800  million).
https://lao.ca.gov/Publications/Report/5044

Rethinking California's Reserve Policy

Apr 10, 2025 - The  Safety Net Reserve initially received a deposit of $200  million and the balance of the fund eventually grew to a $900  million. Yet Further Improvements Are Warranted Proposition   2 Only Allows the State to Cover About One ‑Third of Funding Shortfalls.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Oversight of Encampment Resolution Funding

Mar 5, 2025 - Figure 2 Through 2024 ‑25, the State Has Provided $900 Million for Four Rounds of ERF General Fund (In Millions)
https://lao.ca.gov/Publications/Report/5007

The 2025-26 Budget: California Military Department—STARBASE Classroom Building

Feb 20, 2025 - CMD asserts that a new, bigger educational space could serve as many as 900 additional students annually. The department indicates that a new classroom building could accommodate approximately 50 STARBASE classes during the school year, which would effectively eliminate the typical annual program waitlist.
https://lao.ca.gov/Publications/Report/4976