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

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - In July and August 2025, SQRC ’s vacancy rate was 0   percent —well under the court ‑ordered 10  percent vacancy rate. During a site visit in July 2025, SQRC staff noted that retention was high at the prison, and that new applicants have had to be placed on the waitlist because of how well staffed the prison is.
https://lao.ca.gov/Publications/Report/5134