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 2022-23 Budget: California College Guidance Initiative

Feb 22, 2022 - The proposed augmentation brings total ongoing CCGI funding to $16.6  million, with 294 districts that still need to be added to the platform. CCGI initially estimated the cost of fully scaling operations between $18  million and $20  million, but given the large number of districts that have yet to be added to the platform, we remain uncertain about the long ‑term costs for fully scaling CCGI.
https://lao.ca.gov/Publications/Report/4553

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 2026-27 Budget: California Community Colleges

Mar 5, 2026 - The Governor also proposes smaller ongoing augmentations for various targeted purposes, including Calbright College, the Healthy School Food Pathways program, the Common Cloud Data Platform, and credit for prior learning.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: California Community Colleges [Publication Details]

Mar 5, 2026 - This brief analyzes the Governor’s budget proposals for the California Community Colleges. It covers apportionments, enrollment growth, Calbright College, and various other proposals.
https://lao.ca.gov/Publications/Detail/5150

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - The department stated that its budget projections for 2026 ‑27 do not incorporate any potential added costs due to the changes in H.R 1. Will the department be able to determine whether its costs increase in the future due to H.R. 1?
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - The Tiered Rate Structure will rely on data collected via the state ’s functional assessment tool —the Child and Adolescent Needs and Strengths (CANS) assessment —to determine a youth ’s needed level of care and corresponding rate, which will not depend on placement types.
https://lao.ca.gov/publications/report/5147

Early Data Revision Shows No Job Creation During 2024 Q4 [EconTax Blog]

Jun 24, 2025 - Newest Revision  Shows State Added No Jobs from September Through December 2024.   Based on the most recent release of the early benchmarks, shown in the figure below, the monthly business survey appears to have overestimated job growth by 100,000 jobs.
https://lao.ca.gov/LAOEconTax/article/Detail/833

Early Data Revision Shows No Job Creation During 2024 Q4 [EconTax Blog]

Jun 24, 2025 - Newest Revision  Shows State Added No Jobs from September Through December 2024.   Based on the most recent release of the early benchmarks, shown in the figure below, the monthly business survey appears to have overestimated job growth by 100,000 jobs.
https://lao.ca.gov/LAOEconTax/Article/Detail/833