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: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - The final budget agreement instead eliminated fewer positions (4,994) and provided the Legislature additional time to review 1,009 additional positions which we refer to as “residual: ” (1)  those associated with implementing legislation chaptered in 2022 and 2023 across numerous departments, and (2)  all of those in nine specified departments which we highlight in Figure  1.
https://lao.ca.gov/Publications/Report/5124

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: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - We also highlight ways the Legislature could consider modifying certain proposals —such as by shifting their fund source or downsizing their scope —if it finds a compelling rationale for their support but is constrained by the General Fund condition.
https://lao.ca.gov/Publications/Report/5116

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: University of California

Feb 26, 2026 - We then highlight notable spending trends over the past decade. Next, we describe the Governor ’s proposals relating to UC ’s base budget, assess those proposals, and make associated  recommendations.
https://lao.ca.gov/Publications/Report/5143

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

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