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 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - Entities paying this tax are required to submit an electronic return and pay taxes quarterly, no later than the q uarter after the sales were made. As Chapter  231 went through the legislative policy process, the California Department of Tax and Fee Administration (CDTFA) preliminarily estimated that this new tax could generate $159  million.
https://lao.ca.gov/Publications/Report/4970

The 2021-22 Budget: California State Payroll System IT Project

Feb 2, 2021 - Given the proposed project ’s complexity and cost, the Legislature could consider budget bill language that requires: ( 1)  m onthly oversight meetings with our office (on behalf of the Legislature), SCO, CalHR, CDT, and DOF to receive project updates and review oversight documents such as CDT independent project oversight reports and independent verification and validation reports with the
https://lao.ca.gov/Publications/Report/4339

The 2023-24 Budget: May Revision Proposals Related to the California Model and San Quentin State Prison

May 19, 2023 - Funding for Capital Outlay Projects at S Q. The Governor proposes funding in 2023-24 for capital outlay projects at SQ. The scope of the projects would be determined by the advisory council. The Governor proposes to complete the various projects by the end of 2025.
https://lao.ca.gov/Publications/Report/4771

The 2022-23 Budget: Office of Planning and Research Budget Proposals

Feb 9, 2022 - To increase awareness about the program and to recruit volunteers, California Volunteers would develop a robust marketing campaign using social media platforms, such as Facebook and Ring Neighborhoods, and provide communications support to neighborhood leaders. $1.5   Million for Digital Infrastructure.
https://lao.ca.gov/Publications/Report/4523

Assessing the Provision of Criminal Indigent Defense

Sep 22, 2022 - Although, some available data, which we present below, raise q uestions about the adequacy of current service levels and whether the state and counties are providing effective indigent defense  assistance.
https://lao.ca.gov/Publications/Report/4623