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 - Questions for Oversight. Some questions for the Legislature to consider as it oversees these programs include: What are the major outputs, outcomes, and impacts of the funding to date? What do youth and families view as the most notable results or effects of the funding?
https://lao.ca.gov/publications/report/5147

California’s relationship with the United States of America. [Ballot]

Sep 30, 2025 - The measure proposes setting forth a new question to voters on California independence and printing a summary of the commission ’s findings in the Voter Information Guide. This would involve higher state costs, primarily for added printing costs associated with a longer Voter Information Guide.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-010

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - If security and privacy protections need to be upgraded or added on later, who will p ay for these improvements? Is There Sufficient Oversight of This Project? What policies and governance models are needed to ensure that the transition to Next Generation 911  is  successful?
https://lao.ca.gov/Publications/Report/5145

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The added risk variable weighs on the range of revenue outcomes that we view as most plausible. The middle of the range, which becomes our main revenue forecast, is thus lower than if we did not include the stock market risk indicator.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - We Recommend the Legislature Ask Clarifying Questions and Weigh Trade ‑Offs of Each Proposal. For each of the proposed solutions in the IHSS program, we suggest the Legislature ask the administration key, clarifying questions as it weighs the trade ‑offs of each proposal.
https://lao.ca.gov/Publications/Report/5166

Retail Theft in California: Looking Back at a Decade of Change

Jun 12, 2025 - What Are Key Questions for Legislative Oversight? Below, we identify key questions that the Legislature might want to ask as it conducts oversight of the recent changes made to address retail theft. First, we discuss questions intended to assist the Legislature in monitoring the implementation of recent law changes.
https://lao.ca.gov/Publications/Report/5055

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

Feb 10, 2026 - A key question for the Legislature is whether it is comfortable that the proposed statutory modifications do indeed reflect its intent, as they have important implications for which programs receive funding under this new structure.
https://lao.ca.gov/Publications/Report/5114

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - Two Main Questions for the Legislature. These proposals raise several issues for the Legislature to consider. Our analysis of these issues in the next two sections revolves around two overarching questions: How much should CDTFA spend on cannabis and tobacco enforcement?
https://lao.ca.gov/Publications/Report/5132