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

Local land use planning and zoning. [Ballot]

Sep 1, 2023 - Local land use planning and zoning. [Ballot] Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative regarding local land use planning and zoning (A.G. File No. 23-0011). Background State-Local Responsibilities.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-011

Time limits, environmental reviews, and judicial reviews for certain types of infrastructure projects. [Ballot]

Dec 10, 2025 - (General plans and zoning rules —which require approval by local elected officials —guide land use planning and development at the local level.) Currently, application completeness time limits are in statute in the PSA (not in CEQA), and they do not apply to proj ects requiring general plan or zoning changes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-023

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - Specifically, it proposes to undertake assessments of whether credits should be provided differentially based on various potential factors —such as climate zones, household income levels, and utility service territories —as well as whether they should be allocated volumetrically rather than as fixed amounts.
https://lao.ca.gov/Publications/Report/5120

Restrictions on certain oil drilling permits (Amendment #1). [Ballot]

Sep 21, 2023 - Under SB  1137, CalGEM cannot approve permits for new wells to be drilled within health protection zones. While the law allows existing wells in these zones to continue operating, they woul d be ineligible to receive permits for modifications or repairs unless necessary to comply with court orders or to prevent or respond to a threat to public health, safety, or the e nvironment.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-014

Local land use. [Ballot]

Oct 15, 2021 - Zoning, Land Use, and Housing. Both general law and charter cities and counties in California make most decisions about when, where, and what type of housing will be built. Cities and counties enact zoning ordinances to set property-specific land use requirements.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-016

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - Assembly Bill 149 exempts from CEQA the construction of temporary facilities for the 2028 Olympic and Paralympic Games and also exempts any temporary Olympics facility located in the coastal zone from having to obtain a coastal development permit.
https://lao.ca.gov/Publications/Report/5080

Homeownership affordability. [Ballot]

Oct 27, 2023 - Specifically, cities and counties enact zoning ordinances to set property-specific land use requirements. A community ’s zoning ordinances typically determine how land can be used —such as for single family homes, multifamily homes, or commercial buildings.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-025

The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - Chapter  22 also amended the Coastal Act to prohibit appeals of local permits for multifamily housing (four or more units) in the coastal zone on the basis of the project being located in a sensitive coastal resource area or not being the principally permitted use.
https://lao.ca.gov/Publications/Report/5082