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

1st Quarter 2021 Personal Income Report [EconTax Blog]

Jun 28, 2021 - Transfer payments are defined as government payments that don ’t represent compensation for services performed by the recipient. Normally dividends, interest, and rent account for the second largest share of income, but this category was considerably smaller than transfer payments in the first quarter.  
https://lao.ca.gov/LAOEconTax/Article/Detail/671

3rd Quarter 2020 Personal Income Report [EconTax Blog]

Feb 4, 2021 - Transfer payments are defined as government payments that don ’t represent compensation for services performed by the recipient. Normally dividends, interest, and rent account for the second largest share of income, but this category was slightly smaller than transfer payments in the third quarter.  
https://lao.ca.gov/LAOEconTax/Article/Detail/620

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - …Until They Don ’t. History, however, offers an additional lesson: asset price fueled revenue surges do not last and typically end in a bust. Not long after the big upgrade in May 2000, revenues dropped $13 billion (18 percent) in 2001-02.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - …Until They Don ’t. History, however, offers an additional lesson: asset price fueled revenue surges do not last and typically end in a bust. Not long after the big upgrade in May 2000, revenues dropped $13 billion (18 percent) in 2001-02.
https://lao.ca.gov/LAOEconTax/article/Detail/777

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

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - In addition to restructuring foster care maintenance payments, the 2024-25 statutory changes also added two new foster care programs and corresponding rate components: (1)  Strengths Building and Child and Family Determination Program, and (2)  Immediate Needs Program.
https://lao.ca.gov/publications/report/5147

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 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/5064

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - (Under the policy, the state continues to make pay-as-you-go payments for benefits received by retirees.) The money contributed by the state and employees to prefund the benefit is put in a trust fund.
https://lao.ca.gov/Publications/Report/5061