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

Mar 9, 2026 - 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 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 Competes Extension

Mar 18, 2026 - The prominence of advanced manufacturers among credit recipients is consistent with the intent of the program, since (1)  these types of facilities can locate in many parts of the United States, making tax incentives a potential deciding factor, and (2)  they tend to provide relatively well-paid jobs, which increases the competitiveness of their applications.
https://lao.ca.gov/Publications/Report/5162

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - As we described in our November Fiscal Outlook , the recent stronger-than-expected revenue trends are almost entirely explained by the personal income tax (PIT), which has seen double digit growth this year.
https://lao.ca.gov/Publications/Report/5104

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

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Such goals could include living in an apartment, getting and maintaining a job, and participating in music or art classes. Quality Incentive Payments in Place Since 2025. The final phase of rate reform has been implemented since January 2025.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: CalWORKs

Feb 18, 2026 - Reducing the dependence of needy parents by promoting job preparation, work, and marriage. Preventing and reducing the incidence of out-of-wedlock pregnancies. Encouraging the formation and maintenance of two-parent families.
https://lao.ca.gov/Publications/Report/5122

The 2026-27 Budget: Estimated State Savings From Proposition 47

Feb 23, 2026 - For example, prior to Proposition  47, possession for personal use of most illegal drugs (such as cocaine or heroin) was a misdemeanor, a wobbler, or a felony —depending on the amount and type of drug.
https://lao.ca.gov/Publications/Report/5108

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - Many types of personal property are not taxed. One major type of personal property that is not taxed is financial assets like stocks. Proposal No New Taxes on Financial Assets or Other Personal Property.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

Mar 18, 2026 - The board also approves certain types of district reorganizations, such as when districts wish to merge or consolidate. Another significant responsibility is hearing appeals when a prospective charter school is denied authorization by a school district or county board of education.
https://lao.ca.gov/Publications/Report/5165