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 government plan of California. [Ballot]

Mar 31, 2026 - [Ballot]  PDF Version Pursuant to Elections Code 9005, we have reviewed a proposed initiative related to the government plan of California (A.G. File 26-0003). The measure intends to make a wide range of changes to the organization and operations of the California government and economy.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-003

Revising the State Constitution. [Ballot]

Mar 24, 2026 - [Ballot]  PDF Version Pursuant to Elections Code 9005, we have reviewed a proposed initiative related to the process for revising the State Constitution (A.G. File 26-0002). Generally, constitutional revisions change a large number of provisions or entail far reaching changes to the fundamental government plan of the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-002

Statutory initiative that would establish a statewide vote to express the intent of California voters to seek independence from the United States of America. [Ballot]

Jan 8, 2025 - [Ballot]  PDF Version Pursuant to Elections Code Section 9005, we have reviewed the proposed statutory initiative that would express the intent of California voters to seek changes in the state ’s relationship with the United States of America (A.G.
https://lao.ca.gov/BallotAnalysis/Initiative/2024-001

Proposition 4 [Ballot]

Nov 5, 2024 - Proposition 4 [Ballot]  PDF Version Proposition 4 Authorizes Bonds for Safe Drinking Water, Wildfire Prevention, and Protecting Communities and Natural Lands From Climate Risks. Legislative Statute.  
https://lao.ca.gov/BallotAnalysis/Proposition?number=4&year=2024

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e Center operated
https://lao.ca.gov/Education/EdBudget/Details/1025

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - In addition to restructuring foster care maintenance payments, the 2024-25 statutory changes also added two new foster care programs and corresponding rate components: (1)  Strengths Building and Child and Family Determination Program, and (2)  Immediate Needs Program.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Detail/5101

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Report/5101