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: Proposed Zero-Emission Vehicle Incentive [Publication Details]

Feb 24, 2026 - The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5140

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive Summary The Governor proposes a cumulative total of $200  million from the Greenhouse Gas Reduction Fund (GGRF) and the Air Pollution Control Fund (APCF), and associated budget trailer legislation, to create a new point ‑of ‑sale incentive program for light ‑duty zero ‑emission vehicles (ZEVs).
https://lao.ca.gov/Publications/Report/5140

Proposition 98 Key Inputs and Outcomes Under Governor's Budget [EdBudget]

Jan 15, 2026 - Proposition 98 Key Inputs and Outcomes Under Governor's Budget [EdBudget]   a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. b This decline is deemed to be zero for the purpose of calculating the guarantee.
https://lao.ca.gov/Education/EdBudget/Details/1063

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - This includes $20 million for the Transit and Intercity Rail Capital Program planned for 2026‑27, and $230 million in 2026‑27 and $460 million in 2027‑28 for the Zero Emission Transit Capital Program.
https://lao.ca.gov/Publications/Report/5114

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - We note that the state is already projected to face future transportation funding challenges due to existing trends and policies that increase zero ‑emission vehicle (ZEV) adoption, which in turn will reduce diesel and gasoline excise tax revenues.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - The State Constitution has a balanced budget requirement, which means the balance of the SFEU must be set above zero for the upcoming fiscal year. Any level above that is up to the discretion of the Legislature.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - California Air Resources Board (CARB): Zero ‑Emission Vehicle (ZEV) Incentive Program. The budget proposes $200  million on a one ‑time basis ($115  million from GGRF and $85  million from the Air Pollution Control Fund [APCF]) to create a new incentive program for light ‑duty vehicles.
https://lao.ca.gov/Publications/Report/5116

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Other counties chose broader groups, such as children ages zero to five (who often have the highest rates of entry into foster care by age) or older youth (who may have more intensive behavioral health support needs).
https://lao.ca.gov/Publications/Report/5106