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: CalWORKs

Feb 18, 2026 - The 2026-27 Budget: CalWORKs $104 1% a TANF carry ‑forward is a non ‑add item for display purposes only. This amount is included in Federal TANF block grant funds. b Less than 0.5 percent. TANF = Temporary Assistance for Needy Families.
https://lao.ca.gov/Publications/Report/5122

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Focusing on these areas, Figure  3 displays the distribution of rebate payments across jurisdictions, weighted by the number of residents. One-sixth paid less than $1 per resident. Another two-thirds paid $1 to $20 per resident.
https://lao.ca.gov/Publications/Report/5074

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Figure 4 SSI/SSP Monthly Maximum Grant Levels a 2024 ‑25 (Actual) Percent of federal poverty level b 93% Percent of federal poverty level b 117% 116% 114% a The maximum monthly grants displayed refer to those for aged and disabled individuals and couples living in their own households, effective as of January 1 of the respective calendar year. b Compares grant level to federal poverty guidelines from the U.S.
https://lao.ca.gov/Publications/Report/5148

The 2025-26 California Spending Plan: Proposition 4

Oct 16, 2025 - The budget package also authorizes nearly 80 new positions across 12 departments to administer Proposition  4-funded programs, as displayed in Figure  2. As shown, the number of new positions range from 13 at the Department of Conservation to one each at the Tahoe Conservancy and California Conservation Corps.
https://lao.ca.gov/Publications/Report/5076

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - As displayed in Figure  1, the types of costs for which CHP is requesting additional funding represent equipment and activities that support the basic, core functions of the department. These include costs related to vehicles, weapons, technology, and utilities.
https://lao.ca.gov/Publications/Report/5152

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

Feb 10, 2026 - As displayed in Figure 2, the administration proposes to use $615 million of the $750 million in additional revenues to support the following activities, thus leaving a projected GGRF fund balanceof$135 million at the end of 2026‑27: CalFire Backfill.
https://lao.ca.gov/Publications/Report/5114

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

Mar 18, 2026 - Figure  4 displays current VA parties. (Some environmental groups participated in early VA discussions but later withdrew, and tribal participation has been limited. None of those groups or tribes participated in or signed on to the final agreement.)
https://lao.ca.gov/Publications/Report/5163

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - The 2025-26 California Spending Plan: Human Services $72 1% a TANF Carry Forward is a non ‑add line item for display purposes only. This amount is included in Federal TANF block grant funds. TANF = Temporary Assistance for Needy Families.
https://lao.ca.gov/Publications/Report/5086/2