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

Changes to CSU's Base Funding Over Next Three Years [EdBudget]

May 19, 2025 - Changes to CSU's Base Funding Over Next Three Years [EdBudget] 9.2% 4.1% Note: In 2025-26, the Governor will be entering year 4 of his compact with the CSU Chancellor. The fifth and final year of this compact is 2026-27.
https://lao.ca.gov/Education/EdBudget/Details/971

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

Mar 3, 2026 - Since the Great Recession, as seen in Figure  2, grants for individuals and couples have been increased four times —in 2016-17 (by 2.76  percent), 2021-22 (by 23.95  percent), 2022-23 (by 10.3  percent), and 2023-24 (by 9.2  percent).
https://lao.ca.gov/Publications/Report/5148

The 2025-26 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Feb 13, 2025 - Since the Great Recession, grants for individuals and couples have been increased four times —in 2016-17 (by 2.76  percent), 2021-22 (by 23.95  percent), 2022-23 (by 10.3  percent), and 2023-24 (by 9.2  percent).
https://lao.ca.gov/Publications/Report/4964

The 2024-25 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Feb 8, 2024 - Since the Great Recession, grants for individuals and couples have been increased four   times —in  2016-17 (by 2.76  percent), 2021-22 (by 23.95  percent), 2022-23 (by 10.3  percent), and 2023-24 (by 9.2  percent).
https://lao.ca.gov/Publications/Report/4832

The 2024-25 California Spending Plan: Human Services

Oct 2, 2024 - The 2024-25 spending plan includes $292  million General Fund to account for the full-year costs of the 9.2  percent SSP grant increase that was provided as part of the 2023-24 budget. However, the 2024-25 spending plan does not include an SSP grant increase for January 2025.
https://lao.ca.gov/Publications/Report/4933/4

Changes in University of California General Fund Spending [EdBudget]

Jun 10, 2022 - Changes in University of California General Fund Spending [EdBudget] Total $1,288 a The base cut was 7.7 percent for campuses and 12.7 percent for the UC Office of the President, UCPath, and ANR division. b Augmentation is on top of ANR's restoration funds ($9.2 million) and 5 percent base increase ($3.2 million).
https://lao.ca.gov/Education/EdBudget/Details/533

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Jun 24, 2022 - Administration ’s Fiscal Estimates Increases State Annual Costs by $13.1  Million ($9.2  Million General Fund) by 2025-26. The administration estimates that the proposed agreement would increase annual state costs by $13.1  million ($9.2  million General Fund) by 2025-26.
https://lao.ca.gov/Publications/Report/4607

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - With the addition of 50 more medical assistants in 2027 ‑28, this increases to $9.2  million before declining to $8.9  million in 2028 ‑29 and  ongoing. $3.5  million for ten supervisory staff in 2026 ‑27 (who will help oversee the remote staff), six IT staff (who will set up and maintain equipment), two human resource staff (who will focus on mental health staff recruitment), and one manager (who will oversee the program).
https://lao.ca.gov/Publications/Report/5137