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: Department of Justice

Feb 11, 2026 - A large portion of the General Fund support is used to support the Armed and Prohibited Persons System (APPS) enforcement teams, which seize firearms from people prohibited from owning or possessing them.
https://lao.ca.gov/Publications/Report/5118

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - After the Great Recession, SSP grants occasionally were increased by applying the CNI only to the SSP portion of the grant (in 2016-17 and 2021-22). Additi onally, while not COLAs, SSP grant increases were provided in 2021-22, 2022-23, and 2023-24.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Family First Prevention Services State Block Grant $222.4 million one ‑time in 2021 ‑22, available through June 30, 2028. Complex Care Needs: $18.1 million ongoing beginning in 2021 ‑22. County Capacity Building $43.2 million one ‑time in 2021 ‑22, available through June 30, 2026.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: Computer Science Supplementary Authorization

Mar 6, 2026 - The 2026-27 Budget: Computer Science Supplementary Authorization Computer Science Supplementary Authorization Background Computer Science Supplementary Authorization Incentive Grants Created in 2021-22 Budget.
https://lao.ca.gov/Publications/Report/5153

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - State Has Significantly Expanded Child Care Access and Funding Since 2021. As part of the 2021‑22 budget package, the Legislature and Governor agreed to add 206,800 non‑CalWORKs child care slots over a multiyear period.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Since 2021 ‑22, the Legislature has also authorized funding for programs intended to strengthen and stabilize the provider workforce in order to establish a more reliable provider network and improve access to services.
https://lao.ca.gov/Publications/Report/5157

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - For example, in court documents, CDCR estimated that the staff fill rate for ICF and APP beds in June would have been 98  percent for psychiatrists (instead of 81  percent), 73  percent for psychologists (instead of 52  percent), 105  percent for social workers (instead of 82  percent), and 127  percent for recreational therapists (instead of 101  percent) had all 249  inpatient beds been deactivated that month.
https://lao.ca.gov/Publications/Report/5134

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

Mar 19, 2026 - Funding proposed for the judicial streamlining program pursuant to Chapter  19 of 2021 (SB  7, Atkins) and Chapter  60 of 2023 (SB  149, Caballero) is at similar levels to what was provided in previous years, and would allow LCI to continue implementing the legislation ’s requirements through its sunset year.
https://lao.ca.gov/Publications/Report/5167