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 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - Provisional Licensing Generally Ended in January 2026, First Two CCAP Cases Scheduled for Hearing in March and May. DCC has been moving cannabis licensees from provisional to annual licenses. January 1, 2026, was the last day for most provisional licenses to be in effect.
https://lao.ca.gov/Publications/Report/5119

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - California ’s most recent payment error rate, for federal fiscal year 2023-24, is about 11  percent. (The comparable national error rate is similarly about 11  percent.) Payment error rates in California and nationally have risen in recent years, particularly since the COVID-19 pandemic.
https://lao.ca.gov/Publications/Report/5126

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: University of California

Feb 26, 2026 - In 2023 ‑24 (the most recent year for which UC has reported data), UC reserves declined from 17  percent to 15  percent of annual core fund expenditures —equating to just under two months of reserves.
https://lao.ca.gov/Publications/Report/5143

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: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - In the 2023 ‑24 session, the Legislature passed and the Governor signed Chapter  849 (AB  3218, Wood) and Chapter  462 (SB  1230, Rubio). These laws require the Attorney General to establish a list of unflavored tobacco products to simplify enforcement of the flavor ban.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: California State University

Feb 24, 2026 - Growth in health care costs has been particularly notable the past three years (with the highest growth in 2023‑24 at 10 percent). Pension Contribution Rates Have Remained Relatively Flat in Recent Years.
https://lao.ca.gov/Publications/Report/5142