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: Proposed Zero-Emission Vehicle Incentive [Publication Details]

Feb 24, 2026 - The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive [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/5140

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive Summary The Governor proposes a cumulative total of $200  million from the Greenhouse Gas Reduction Fund (GGRF) and the Air Pollution Control Fund (APCF), and associated budget trailer legislation, to create a new point ‑of ‑sale incentive program for light ‑duty zero ‑emission vehicles (ZEVs).
https://lao.ca.gov/Publications/Report/5140

Proposition 98 Key Inputs and Outcomes Under Governor's Budget [EdBudget]

Jan 15, 2026 - Proposition 98 Key Inputs and Outcomes Under Governor's Budget [EdBudget]   a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. b This decline is deemed to be zero for the purpose of calculating the guarantee.
https://lao.ca.gov/Education/EdBudget/Details/1063

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - This includes $20 million for the Transit and Intercity Rail Capital Program planned for 2026‑27, and $230 million in 2026‑27 and $460 million in 2027‑28 for the Zero Emission Transit Capital Program.
https://lao.ca.gov/Publications/Report/5114

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Evaluation of a Tax Exemption for Zero-Emission Buses Evaluation of a Tax Exemption for Zero-Emission Buses Introduction Chapter  684 of 2019 (AB  784, Mullin) created a partial sales tax exemption for zero-emission buses (ZEBs) purchased by transit agencies (hereafter, “ZEB exemption ”).
https://lao.ca.gov/Publications/Report/4890

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

Oct 16, 2025 - The two largest reductions total $500  million from Proposition  98 General Fund that had been planned to support the purchase of and infrastructure for zero-emission school buses in 2025-26 as part of a previously-approved zero-emission vehicles (ZEV) package.
https://lao.ca.gov/Publications/Report/5080

The 2023-24 Budget: Proposed Reauthorization of AB 8 Vehicle Fees

Feb 24, 2023 - First, the proposal would limit eligibility for CTP funding to zero ‑emission technologies. (CTP historically has funded both low ‑emission and zero ‑emission technologies, although has begun to prioritize the latter in recent years.)
https://lao.ca.gov/Publications/Report/4708

The 2023-24 Budget: CalRecycle’s Zero Waste Plan Proposal

Feb 28, 2023 - Governor’s Proposal Proposes Funding to Conduct and Implement a Zero Waste Plan. The Governor’s budget includes $2 million on a one‑time basis in 2023‑24 from the Beverage Container Recycling Fund to develop a zero waste plan.
https://lao.ca.gov/Publications/Report/4719