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: California Department of Corrections and Rehabilitation

Feb 23, 2026 - California ’s prison medical system has been under direct management of a Receiver appointed by a federal court since 2006 because the state was found to be providing unconstitutional levels of care in a case now referred to as Plata v.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - Supreme Court decision — Sackett v. U.S. Environmental Protection Agency ( Sackett ) —narrowed the definition of WOTUS. The ruling limits federal jurisdiction to relatively permanent bodies of water and to wetlands that have a continuous surface connection to WOTUS.
https://lao.ca.gov/Publications/Report/5144

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - SWRCB (rather than a regional board) manages the Bay ‑Delta Plan because the watershed spans multiple regions and sets flow requirements. Regulating flows often affects water rights, which only the state board has the authority to manage.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - Governor Proposes Transferring Management of CDE to an Appointed Commissioner. Under the proposal, an education commissioner appointed by the Governor would assume management of CDE beginning January 1, 2027.
https://lao.ca.gov/Publications/Report/5165

UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget]

Feb 21, 2026 - The amounts in this row reflect federal allowances (or reimbursements) for indirect expenditures on research facilities and administration, formally known as Facilities & Administrative (F&A) costs. g Reflects expenditures to operate and manage DOE national laboratories. h Includes grants and contracts for various other purposes, including instruction and training.
https://lao.ca.gov/Education/EdBudget/Details/1047

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - Supreme Court issued a decision in the New York State Rifle & Pistol Association v. Bruen case that found laws requiring people provide “good cause ” to carry a concealed weapon to be unconstitutional.
https://lao.ca.gov/Publications/Report/5118

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - Program Staff Are Mainly Responsible for Grant Management. The Learning Lab program director and Foundation staff manage grants and work with grantees throughout the grant process. This work includes developing requests for proposals, evaluating project proposals, executing grant agreements, monitoring project progress, and closing out grants upon their expiration.
https://lao.ca.gov/Publications/Report/5171

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - Workstream 1: CDCR —Procurement and Inventory Management. BCG is expected to analyze CDCR ’s procurement and inventory management processes, contracts, and financial data to identify opportunities for CDCR to save money by (1)  renegotiating, consolidating, or eliminating contracts and (2)  reducing quantities purchased or switching to a different product type.
https://lao.ca.gov/Publications/Report/5156