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 California Spending Plan: Human Services

Nov 21, 2025 - The spending plan assumes that state-operated residential and community facilities will serve 302 individuals in 2025-26, the same number served in 2024-25. Budget Solutions Accelerates the End of “Hold Harmless ” Provision in Service Provider Rate Reform Implementation.
https://lao.ca.gov/Publications/Report/5086/1

The 2024-25 California Spending Plan: Child Care and State Preschool

Sep 26, 2024 - Of this amount, $302  million is Proposition  98 General Fund and $105  million non-Proposition  98 General Fund. This reduction reflects the estimate of State Preschool funds that would otherwise go unused.
https://lao.ca.gov/Publications/Report/4932

The 2024-25 California Spending Plan: Human Services

Oct 2, 2024 - The spending plan assumes that state-operated residential and community facilities will serve 302 individuals in 2024-25, the same number served in 2023-24. Budget Solutions Delays Full Implementation of Service Provider Rate Reform by Six Months.
https://lao.ca.gov/Publications/Report/4933/1

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

The 2024-25 California Spending Plan: Proposition 98 and K-12 Education

Sep 16, 2024 - The budget reduces Proposition  98 funding for State Preschool by $302  million on a one-time basis. This reflects the estimate of State Preschool funds for school districts and COEs that would otherwise go unused.
https://lao.ca.gov/Publications/Report/4929

Overview of Federal Relief for K-12 Education and Child Care

Apr 29, 2021 - Of this funding, California will receive $302  million. ARP also provides $2.8  billion for emergency services and assistance to private schools that enroll a significant percentage of low-income students and were most impacted by the pandemic.
https://lao.ca.gov/Publications/Report/4419

The 2022-23 Budget: The Governor’s Homelessness Plan

Feb 9, 2022 - DSS received $805  million —$450  million federal American Rescue Plan Act (ARPA) of 2021 funds, $53  million Home ‑ and Community ‑Based Services ARPA Fund, and $302 General Fund —in 2021 ‑22 to administer the CCE program.
https://lao.ca.gov/Publications/Report/4521