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: K-12 Proposals

Feb 19, 2026 - School staff often do not have the skills or experience to implement key aspects of the community schools model, such as improving community eng agement and building partnerships with other local organizations.
https://lao.ca.gov/Publications/Report/5131

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

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - The Constitution sets forth three main tests (formulas) for calculating the Proposition  98 guarantee. Test   1 —the most commonly used test over the past 15 years —is based on a share of General Fund revenue and is unaffected by attendance.
https://lao.ca.gov/Publications/Report/5100

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: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - In 2023, the Legislature approved the administration ’s request to transition most of the office ’s employees to traditional civil service status, which required standardization of various processes such as hiring and employee classifications.
https://lao.ca.gov/Publications/Report/5167

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

Feb 23, 2026 - Figure 1 Administration Projects Decrease in Proposition 47 Savings Due to Proposition 36 2023 ‑24
https://lao.ca.gov/Publications/Report/5108

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - In 2023, the Legislature codified several efforts to make processes across RCs more consistent in order to improve access to services statewide (Chapter  192 of 2023 [S B  138 , Committee on Budget and Fiscal Review]).
https://lao.ca.gov/Publications/Report/5157

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - The 2023-24 budget authorized $112 million in state funding from UC revenue bonds for this project. The 2025-26 budget replaces $87.5 million of this amount with Proposition 2 funds. The project retains $24.3 million in previously allocated General Fund support.  
https://lao.ca.gov/Education/EdBudget/Details/1025