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: Child Welfare

Mar 3, 2026 - What about the contract for the Financial Management Coordinator, and any other externally contracted parties? Would DSS be able to cancel these contracts? The most recent cost estimates we have seen assume a phased implementation approach over three years (2027-28 to 2029-30).
https://lao.ca.gov/publications/report/5147

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 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - Considering Adding Legislative Appointees to the SBE. The Legislature could consider adding two legislative appointees to the SBE. These appointees could enable greater legislative oversight of the new governance system and ensure the SBE ’s policies are consistent with legislative intent.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
https://lao.ca.gov/Publications/Report/5162

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

Mar 18, 2026 - The state added the doubling goal as a narrative water quality objective in the 1995 Bay ‑Delta Plan. Doubling natural production relative to the average annual 1967 ‑1991 baseline would mean nearly 900,000 naturally produced salmon annually.
https://lao.ca.gov/Publications/Report/5163

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

Housing assistance program for certain University of California employees. [Ballot]

Oct 27, 2025 - Of these employees, 112,666 were career support staff, 14,482 were tenured or tenure-track faculty, and 191 were senior managers (with the remainder being lower-level managers, lecturers, and student workers, among others).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-018