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

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - California ’s Technology Sector California ’s Tech Companies Have Become the World ’s Most Valuable Companies. The state ’s five largest tech companies —Apple, Google, Nvidia, Broadcom, and Meta —are currently worth $15 trillion.
https://lao.ca.gov/LAOEconTax/Article/Detail/843

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - California ’s Technology Sector California ’s Tech Companies Have Become the World ’s Most Valuable Companies. The state ’s five largest tech companies —Apple, Google, Nvidia, Broadcom, and Meta —are currently worth $15 trillion.
https://lao.ca.gov/LAOEconTax/article/Detail/843

How Does Tech Company Equity Pay Affect Income Tax Withholding? [EconTax Blog]

Nov 16, 2023 - California ’s Growing Technology Sector California ’s Tech Companies Have Become Some of the World ’s Most Valuable Companies... The state ’s four largest tech companies —Apple, Google, Nvidia, and Meta —are currently worth more than $7 trillion.
https://lao.ca.gov/LAOEconTax/Article/Detail/789

New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - Several of the wealthiest people in the world live in California. Wealth is the value of all the things a person has come to own over their lifetime. Wealth is different from incom e, which is how much a person earns in a set period of time, like one year.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

Overview of Wildfire Prevention and Response Funding [Publication Details]

Apr 8, 2026 - Overview of Wildfire Prevention and Response Funding [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/5173

Major H.R. 1 Changes in CalFresh [Publication Details]

Apr 8, 2026 - Major H.R. 1 Changes in CalFresh [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/5174

H.R. 1 Financing Impact on Medi-Cal Providers [Publication Details]

Apr 6, 2026 - H.R. 1 Financing Impact on Medi-Cal Providers [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/5172

The 2026-27 Budget: Bureau for Private Postsecondary Education [Publication Details]

Mar 25, 2026 - The 2026-27 Budget: Bureau for Private Postsecondary Education [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/5169