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: Health Care Access and Affordability

Feb 23, 2022 - Enhanced Federal Premium Subsidies in Effect Supplanted State Subsidies in 2021 and 2022. The American Rescue Plan (ARP) Act was passed by Congress in 2021 in response to COVID ‑19. As part of this act, the level of federal support for premium subsidies for coverage purchased on health benefit exchanges have been temporarily increased for the 2021 and 2022 plan enrollment years.
https://lao.ca.gov/Publications/Report/4560

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - The Governor proposes to pay down $8.4  billion of this amount, with districts receiving the associated cash in 2021 ‑22. Slightly more than $4  billion would remain deferred from 2021 ‑22 to 2022 ‑23.
https://lao.ca.gov/Publications/Report/4309

The 2021-22 Budget: Department of Forestry and Fire Protection [Publication Details]

Feb 4, 2021 - The 2021-22 Budget: Department of Forestry and Fire Protection [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4343

The 2025-26 Budget: Health Care Access and Information

Feb 20, 2025 - As   Figure  6 shows, while brand drugs represented a small share of commercial health plan fee‑for‑service claims in 2021, they comprised a majority of spending. Costs also are higher for consumers, with average out‑of‑pocket costs more than four times the cost for brand drugs than generics.
https://lao.ca.gov/Publications/Report/4979

Implementing California’s Child Welfare Prevention Services Program [Publication Details]

Jan 28, 2026 - Implementing California’s Child Welfare Prevention Services Program [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5106

The 2022-23 California Spending Plan: Judiciary and Criminal Justice

Sep 26, 2022 - This is an increase of $852 million, or 5 percent, above the revised 2021-22 spending level. Figure 1 Judicial and Criminal Justice Budget Summary General Fund (Dollars in Millions) 2020 ‑21 Department of Corrections and Rehabilitation $12,461 Board of State and Community Corrections 178 $852 4.8% a Includes Office of the Inspector General,
https://lao.ca.gov/Publications/Report/4625

COVID-19: American Rescue Plan’s Major Health-Related Funding Provisions

May 6, 2021 - According to the Department of Finance, the ARP subsidies will be adjusted upward for the months of May 2021 through December 2021 to retroactively ensure customers receive the higher subsidies for the first four months of 2021.
https://lao.ca.gov/Publications/Report/4425

The 2026-27 Budget: Bureau for Private Postsecondary Education [Publication Details]

Mar 25, 2026 - The 2026-27 Budget: Bureau for Private Postsecondary Education [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5169