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 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Report/4500

CSU Federal Grants and Contracts for Research and Other Purposes [EdBudget]

Feb 12, 2026 - CSU Federal Grants and Contracts for Research and Other Purposes [EdBudget] $291.8 $602.3 Notes: About 20 percent of federal funding at CSU is grants and contracts for R&D, workforce training, student support, outreach, and various other purposes (with the remainder for student financial aid).
https://lao.ca.gov/Education/EdBudget/Details/1052

UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget]

Feb 21, 2026 - UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget] a Amounts for 2024-25 are estimates based on 11 months of actuals. b Reflects expenditures, not annual grant award amounts. c This row excludes expenditures from NIH grants. 
https://lao.ca.gov/Education/EdBudget/Details/1047

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - Medical R &D. Approximately 65 percent of medical R &D funding in the United States comes from private industry. The federal government is the next largest contributor, accounting for about 25 percent of R &D funding.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - CDE, in collaboration with the S ‑TAC and R ‑TACs, would determine the deadlines and timing of the intervals for subsequent requests for funding. Provides $10   Million Annually for Statewide System of Technical Assistance.
https://lao.ca.gov/Publications/Report/5131

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

Feb 23, 2026 - We recommend that the Legislature adopt a modified version of this proposal and conside r whether new provisional language is needed to prevent such problems from recurring. Background Cannabis Tax Program.
https://lao.ca.gov/Publications/Report/5132

Insurance regulation. [Ballot]

Nov 10, 2025 - For example, CDI would have one-time costs for rulemaking and ongoing costs to review waiver r equests from insurers. These costs could be paid by CDI charging insurers additional fees. Changes in Insurance Tax Revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-020

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - For example, California-based companies could make changes to their r esearch, development, or investment decisions in response to the measure ’s oversight and compliance requirements. If such changes affect company profits or employment levels in California, it would affect state and local tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033