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: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - If security and privacy protections need to be upgraded or added on later, who will p ay for these improvements? Is There Sufficient Oversight of This Project? What policies and governance models are needed to ensure that the transition to Next Generation 911  is  successful?
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System [Publication Details]

Feb 27, 2026 - This brief summarizes the history, costs, and current status of the state’s effort to deploy a Next Generation 911 system and assesses the administration’s proposal to abandon the existing regional approach in favor of a statewide model. It also offers recommendations regarding legislative oversight of this project and the long-term governance of the state’s 911 system.
https://lao.ca.gov/Publications/Detail/5145

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - While the characteristics of awards made by GO-Biz vary significantly within any given year, there has been a noticeable shift in the number and average size of awards over time: Figure  2 shows the number of awards made and the average credit amount per agreement for each year of the program.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Our understanding is that a number of DSS staff are working exclusively or primarily on Tiered Rate Structure Implementation preparation. Would these positions still be needed? What about the contract for the Financial Management Coordinator, and any other externally contracted parties?
https://lao.ca.gov/publications/report/5147

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e Center operated
https://lao.ca.gov/Education/EdBudget/Details/1025

Special taxes. [Ballot]

Jan 27, 2026 - Net costs or savings resulting from the measure would depend on (1) how many special tax initiatives qualify for a one-time audit but are not approved by voters, (2) the number of pages that are added to the Voter Information Guide each election cycle, and (3) the level of savings that are identified and implemented as a result of the audits.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - First, the positions added to the easier ‑to ‑staff prisons would be more likely to be filled. Second, reducing the number of patients and vacant positions at the hard ‑to ‑staff facilities would mean the mental health staff remaining at those prisons would not be stretched as thin, which could improve retention and, possibly, recruitment at those prisons.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Primary Cost Driver: Average IHSS Hours Per Case The next main cost driver in IHSS is the average number of hours provided per case. As the number of hours of service provided to IHSS recipients increases, so does the overall cost of the program.
https://lao.ca.gov/Publications/Report/5166