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: California Department of Corrections and Rehabilitation

Feb 23, 2026 - California ’s prison medical system has been under direct management of a Receiver appointed by a federal court since 2006 because the state was found to be providing unconstitutional levels of care in a case now referred to as Plata v.
https://lao.ca.gov/Publications/Report/5137

The 2025-26 Budget: MCO Tax and Proposition 35

Feb 26, 2025 - As a result of this diversity, state directed payments in the managed care system can be difficult to implement. For example, the plans with managed care arrangements with their provi ders faced particular difficulty implementing the 2024 managed care organization (MCO) tax-funded rate increases.
https://lao.ca.gov/Publications/Report/4992

The 2024-25 Budget: The MCO Tax Package at May Revision

May 22, 2024 - The 2024-25 Budget: The MCO Tax Package at May Revision The MCO Tax Package at May Revision Summary This post provides our initial assessment of the Governor ’s proposed managed care organization (MCO) tax package in the May Revision.
https://lao.ca.gov/Publications/Report/4905

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - Supreme Court decision — Sackett v. U.S. Environmental Protection Agency ( Sackett ) —narrowed the definition of WOTUS. The ruling limits federal jurisdiction to relatively permanent bodies of water and to wetlands that have a continuous surface connection to WOTUS.
https://lao.ca.gov/Publications/Report/5144

The 2025-26 Budget: CalAIM Enhanced Care Management and Community Supports Implementation Update [Publication Details]

Mar 6, 2025 - The 2025-26 Budget: CalAIM Enhanced Care Management and Community Supports Implementation Update [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5003

The 2025-26 Budget: CalAIM Enhanced Care Management and Community Supports Implementation Update

Mar 6, 2025 - The 2025-26 Budget: CalAIM Enhanced Care Management and Community Supports Implementation Update Housing ‑Related Services ( “Housing Trio ”) Housing transition navigation services Assistance with obtaining housing.
https://lao.ca.gov/Publications/Report/5003

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - SWRCB (rather than a regional board) manages the Bay ‑Delta Plan because the watershed spans multiple regions and sets flow requirements. Regulating flows often affects water rights, which only the state board has the authority to manage.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - Governor Proposes Transferring Management of CDE to an Appointed Commissioner. Under the proposal, an education commissioner appointed by the Governor would assume management of CDE beginning January 1, 2027.
https://lao.ca.gov/Publications/Report/5165