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

Realignment and County Indigent Health Care Programs [Publication Details]

Mar 19, 2026 - Presented to: Senate Budget Subcommittee No. 3 on Health and Human Services
https://lao.ca.gov/Publications/Detail/5164

Elections and the initiative process. [Ballot]

Mar 23, 2026 - Specifically, these changes include (1)  modifying the initiative qualification process (for example, reducing the number of signatures required to qualify a citizen initiative for the ballot), (2)  allowing qualified citizen initiatives to appear on the statewide primary ballot, and (3)  establishing a new statewide election in April of odd-numbered years when qualified citizen initiatives could appear on the ballot.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-001

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - As seen in Figure  3 , IHSS caseload has grown significantly since 2013. Despite slower caseload growth between 2016 ‑17 and 2020 ‑21 (the caseload continued to grow during this period, just at a slower than usual rate).
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - DOF notified JLBC on October 3, 2025 that it had entered a contract in an amount up to $20  million with Boston Consulting Group (BCG) on September 26, 2025 for the purpose of assisting and advising DOF on analyzing and creating process improvements within state government.
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Chapter  4 of 2016 (S B  3 , Leno) has gradually increased California ’s statewide minimum wage from $8 per hour to $16 per hour. Under S B  3 , the statewide minimum wage will continue to increase by up to 3.5  percent each year, depending on inflation.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - For example, we recommend the Legislature: Do Not Suspend the $3  Billion True Up Into the Budget Stabilization Account (BSA). The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26.
https://lao.ca.gov/Publications/Report/5133

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - Of the project proposals that districts submitted for 2026-27, 7 out of 27 eligible modernization projects (26  percent) are included in the Governor ’s budget, compared to 3 out of 8 eligible growth projects (38  percent).
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Figure  3 shows how credits have been allocated across sectors over the last five years. Of the $1.2  billion in awards made between 2021 and 2025, around $650  million, or over half, has been allocated to businesses in advanced manufacturing.
https://lao.ca.gov/Publications/Report/5162