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

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - The administration currently estimates that retail excise tax revenue was $145 million in the fourth quarter of calendar year 2025 (October through December). Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment.
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - The administration currently estimates that retail excise tax revenue was $145 million in the fourth quarter of calendar year 2025 (October through December). Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment.
https://lao.ca.gov/LAOEconTax/article/Detail/851

Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog] Firearms and Ammunition Revenue Update (2025 Q4) February 18, 2026 Seth Kerstein Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions.
https://lao.ca.gov/LAOEconTax/article/Detail/849

Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog] Firearms and Ammunition Revenue Update (2025 Q4) February 18, 2026 Seth Kerstein Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions.
https://lao.ca.gov/LAOEconTax/Article/Detail/849

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - The 2023-24 budget authorized $112 million in state funding from UC revenue bonds for this project. The 2025-26 budget replaces $87.5 million of this amount with Proposition 2 funds. The project retains $24.3 million in previously allocated General Fund support.  
https://lao.ca.gov/Education/EdBudget/Details/1025

Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog]

Dec 2, 2025 - Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog] Cannabis Tax Revenue Update (2025 Q3) December 2, 2025 Seth Kerstein Background. In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis.
https://lao.ca.gov/LAOEconTax/article/Detail/844

Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog]

Dec 2, 2025 - Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog] Cannabis Tax Revenue Update (2025 Q3) December 2, 2025 Seth Kerstein Background. In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis.
https://lao.ca.gov/LAOEconTax/Article/Detail/844

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - So far, we are not seeing any signs of revenue reaching the original estimate in the near future.  
https://lao.ca.gov/LAOEconTax/article/Detail/842