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: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Estimates of federal poverty guidelines for 2027 are based on the LAO Consumer Price Index for All Urban Consumers (CPI ‑U) projection. The 2027 federal poverty guidelines will not be finalized until fall 2026.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - By the May Revision, the Legislature w ill have finalized data on the price index typically used to calculate the COLA rate. At that time, it will also have better information on state revenues, which will in turn affect the amount of funding available for ongoing Proposition  98 augmentations.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget [Publication Details]

Jan 1, 2026 - As we release publications aimed at addressing the 2026-27 budget situation, we will add them to this index page.
https://lao.ca.gov/Publications/Detail/5107

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Whereas California’s labor market has stagnated over the last two years, the S&P 500 stock index has appreciated roughly 50 percent over the same period. And most of this increase has come from skyrocketing share prices among a handful of firms associated with innovations in Artificial Intelligence (AI).
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: University of California

Feb 26, 2026 - Annual increases are generally based on a three‑year rolling average of changes in the California Consumer Price Index, with a 5 percent cap. In November 2025, the Regents extended and revised the policy.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - This parent contribution is one‑third of the expected parent contribution calculated according to the federal student aid index methodology. After making all of these deductions, this formula derives the student’s remaining costs.
https://lao.ca.gov/Publications/Report/5127