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

Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - For example, the new Climate Bureau could serve as a helpful resource to the Legislature, adding valuable capacity to conduct program reviews and evaluations that are independent of the Executive Branch.
https://lao.ca.gov/Publications/Report/5097

Overview of Efforts to Modernize EDD’s Benefit Systems [Publication Details]

Feb 24, 2026 - Overview of Efforts to Modernize EDD’s Benefit Systems [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5135

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - As part of a special legislative session held in January 2025, the Legislature added Control Section 5.26 to the 2024-25 Budget Act, providing an additional one-time allocation of $10  million to support immigration related services, including removal defense.
https://lao.ca.gov/Publications/Report/5086/8

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

Sep 30, 2025 - At this election, voters would be asked: “Should California leave the United States and become a free and independent country? ” The measure states this election “shall constitute a vote of no confidence in the United States of America and an expression of the will of the people of California to become a free and independent country ” if both of the following conditions are met:           At least 50  percent of registered voters participate.          
https://lao.ca.gov/BallotAnalysis/Initiative/2025-010

Overview of Trial Court Construction and Facility Maintenance [Publication Details]

Feb 26, 2026 - Overview of Trial Court Construction and Facility Maintenance [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5111

Office of Emergency Services: Next Generation 911 System [Publication Details]

Mar 5, 2026 - Office of Emergency Services: Next Generation 911 System [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5151

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 - At this election, voters would be asked: “Should California leave the United States and become a free and independent country? ” The measure states this election “shall constitute a vote of no confidence in the United States of America and an expression of the will of the people of California to become a free and independent country ” if both of the following conditions are met:           At least 50  percent of registered voters participate.          
https://lao.ca.gov/BallotAnalysis/Initiative/2024-001

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

Feb 10, 2026 - For example, CARB recently released draft regulations that propose to make various changes to the program—including to the total number of allowances issued and the allocation of those allowances across various purposes (such as GGRF and free allowances to utilities and industry)—that could affect GGRF revenues.
https://lao.ca.gov/Publications/Report/5114