How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Recent enthusiasm around Artificial Intelligence (AI) has pushed the stock market to record highs and boosted compensation for the state 's technology workers. The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Recent enthusiasm around Artificial Intelligence (AI) has pushed the stock market to record highs and boosted compensation for the state 's technology workers. The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - SSP Grants Were Increased in 2016-17, 2021-22, 2022-23, and 2023-24.  Since the Great Recession, as seen in Figure  2, grants for individuals and couples have been increased four times —in 2016-17 (by 2.76  percent), 2021-22 (by 23.95  percent), 2022-23 (by 10.3  percent), and 2023-24 (by 9.2  percent).
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - Funding increases for State Preschool in 2021‑22 and 2022‑23 were primarily due to rate increases. In 2023‑24 and 2024‑25, the state made one‑time reductions to the program in recognition that funding provided exceeded the amount necessary to fund all State Preschool contracts.
https://lao.ca.gov/Publications/Report/5168

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2025: $145 Million. The administration currently estimates that retail excise tax revenue was $145 million in the fourth quarter of calendar year 2025 (October through December).
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2025: $145 Million. The administration currently estimates that retail excise tax revenue was $145 million in the fourth quarter of calendar year 2025 (October through December).
https://lao.ca.gov/LAOEconTax/article/Detail/851

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Center for Excellence $750,000 ongoing beginning in 2022 ‑23. Emergency Response Augmentation $50 million one ‑time in 2021 ‑22 and again in 2022 ‑23, expendable for four years (through June 30, 2026 for the later allocation).
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - The Legislature may wish to consider whether ongoing oversight might be appropriate even after the new system is operational, and if so, what form that oversight shoul d take. One option for determining what form the oversight could take would be to request the Little Hoover Commission to assess California ’s governance model for Next Generation 911 and provide the Legislature with recommendations.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - Therefore, the Legislature finds itself in the position of needing to evaluate whether these activities and staffing expansions at LCI are a higher priority than other existing General Fun d-supported activities.
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: University of California

Feb 26, 2026 - The Governor ’s budget backfills for the one ‑time reduction related to that payment deferral. b The 2025 ‑26 Budget Act included intent language to provide UC with this augmentation. c Consists of $30 million for 2026 ‑27 and $31 million delayed from 2025 ‑26. d Reflects amount UC reports as still available for each initiative.
https://lao.ca.gov/Publications/Report/5143