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

Changes in California Community Colleges Proposition 98 Spending, 2024-25 and 2025-26 [EdBudget]

Jan 21, 2026 - The Governor's budget also provides $32 million for enrollment growth in 2026-27. b The Governor's budget also includes $102 million in 2026-27 funds for this purpose. c Reflects $4 million for the Mendocino College Fire Academy and $1 million for the Santa Rosa Junior College Fire Academy.
https://lao.ca.gov/Education/EdBudget/Details/1040

Labor Agreements to Achieve Budgetary Savings

Jul 11, 2025 - Control Section 3.90 of the 2025-26 budget (as added by Chapter 5 of 2025 [AB 102, Gabriel]) established an expectation of the Legislature that all 21 of the state’s bargaining units would meet and confer in good faith with the administration before July 1, 2025 to achieve savings assumed in the budget.
https://lao.ca.gov/Publications/Report/5063

New Higher Education Reporting Requirements [EdBudget]

Nov 17, 2025 - New Higher Education Reporting Requirements [EdBudget]     a BBL refers to budget bill language contained in the 2025-26 Budget Act, as enacted by Chapter 4 of 2025 (SB 101, Wiener) and amended by Chapter 5 of 2025 (AB 102, Gabriel).
https://lao.ca.gov/Education/EdBudget/Details/1033

Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - Specifically, if the General Fund continues to experience deficits, A B  102 expresses the Legislature ’s intent that GGRF cover $1.25  billion of CalFire ’s costs in 2026 ‑27, $500  million in 2027 ‑28, and $500  million in 2028 ‑29.
https://lao.ca.gov/Publications/Report/5097

New Higher Education Reporting Requirements [EdBudget]

Jul 21, 2025 - New Higher Education Reporting Requirements [EdBudget]     a BBL refers to budget bill language contained in the 2025-26 Budget Act, as enacted by Chapter 4 of 2025 (SB 101, Wiener) and amended by Chapter 5 of 2025 (AB 102, Gabriel).
https://lao.ca.gov/Education/EdBudget/Details/977

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 of 2025 (A B  100 , Gabriel) (these funds were available for departments to spend during the final few months of 2024 ‑25), (2) $2.9  million through Chapter  5 of 2025 (A B  102 , Gabriel), and (3) $3.3  billion through Chapter  104 of 2025 (S B  105 , Wiener).
https://lao.ca.gov/Publications/Report/5115

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - Efficiency and Vacant Position Reductions 2025-26 Budget Implements Control Sections First Added in 2024-25. Control Sections 4.05 and 4.12 of the 2024-25 and 2025-26 budget acts directed the Department of Finance (DOF) to identify efficiencies to reduce costs without adverse effects on state services.
https://lao.ca.gov/Publications/Report/5080

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