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

California Community Colleges Federal Funds: Student Financial Aid [EdBudget]

Jan 29, 2026 - California Community Colleges Federal Funds: Student Financial Aid [EdBudget] $465 23% Notes: For community colleges, the bulk of federal funding (more than 80 percent in 2023-24) is for student financial aid.
https://lao.ca.gov/Education/EdBudget/Details/1042

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

Mar 19, 2026 - For example, the proposal to provide $219,000 in 2026-27 and 2027-28 to update CEQA exemption guidance for sustainable transportation projects pursuant to Chapter  742 of 2025 (SB  71, Wiener) matches the estimates from the Assembly Appropriations Committee analysis published when the legislation passed.
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: Computer Science Supplementary Authorization

Mar 6, 2026 - However, based on our analysis, the $5,000 teachers receive under the current grants —$2,500 from the state and $2,500 from the district match —are sufficient to cover the costs of obtaining an authorization.
https://lao.ca.gov/Publications/Report/5153

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As a condition of receiving CCDF, the state must comply with a number of requirements, such as providing some matching funding as well as spending at least 12 percent of CCDF funds on quality improvement activities.
https://lao.ca.gov/Publications/Report/5168

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

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - Supreme Court Decision in 2023 Narrowed Federal Jurisdiction … A 2023 U.S. Supreme Court decision — Sackett v. U.S. Environmental Protection Agency ( Sackett ) —narrowed the definition of WOTUS. The ruling limits federal jurisdiction to relatively permanent bodies of water and to wetlands that have a continuous surface connection to WOTUS.
https://lao.ca.gov/Publications/Report/5144

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Many counties stated that they already have spent all or most of their state block grant dollars—prior to being able to claim any Title IV‑E matching funds for eligible EBPs. Because federal reimbursement for prevention services will require $1 local funding to match every $1 of federal monies claimed—and given the constraints and complexities of counties’ local
https://lao.ca.gov/Publications/Report/5106

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