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

New Higher Education Reporting Requirements [EdBudget]

Nov 17, 2025 - TBL refers to trailer bill language contained in Chapter 9 of 2025 (AB 123, Committee on Budget) and Chapter 745 of 2025 (SB 148, Committee on Budget and Fiscal Review). b Campuses are to submit their turnaround plans to the CSU Chancellor's Office by December 31, 2025. c Reporting requirement is included in Chapter 755 of 2025 (SB 437, Weber Pierson). d Reflects due date for report from the CCC Chancellor's Office.
https://lao.ca.gov/Education/EdBudget/Details/1033

New Higher Education Reporting Requirements [EdBudget]

Jul 21, 2025 - TBL refers to trailer bill language contained in Chapter 9 of 2025 (AB 123, Committee on Budget). b Campuses are to submit their turnaround plans to the CSU Chancellor's Office by December 31, 2025. c Reporting requirement is included in SB 437 (Weber Pierson). d Reflects due date for report from the CCC Chancellor's Office.
https://lao.ca.gov/Education/EdBudget/Details/977

The 2026-27 Budget: CalWORKs

Feb 18, 2026 - The 2026-27 Budget: CalWORKs $104 1% a TANF carry ‑forward is a non ‑add item for display purposes only. This amount is included in Federal TANF block grant funds. b Less than 0.5 percent. TANF = Temporary Assistance for Needy Families.
https://lao.ca.gov/Publications/Report/5122

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Focusing on these areas, Figure  3 displays the distribution of rebate payments across jurisdictions, weighted by the number of residents. One-sixth paid less than $1 per resident. Another two-thirds paid $1 to $20 per resident.
https://lao.ca.gov/Publications/Report/5074

The 2025-26 California Spending Plan: Proposition 4

Oct 16, 2025 - The budget package also authorizes nearly 80 new positions across 12 departments to administer Proposition  4-funded programs, as displayed in Figure  2. As shown, the number of new positions range from 13 at the Department of Conservation to one each at the Tahoe Conservancy and California Conservation Corps.
https://lao.ca.gov/Publications/Report/5076

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Figure 4 SSI/SSP Monthly Maximum Grant Levels a 2024 ‑25 (Actual) Percent of federal poverty level b 93% Percent of federal poverty level b 117% 116% 114% a The maximum monthly grants displayed refer to those for aged and disabled individuals and couples living in their own households, effective as of January 1 of the respective calendar year. b Compares grant level to federal poverty guidelines from the U.S.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - As displayed in Figure  1, the types of costs for which CHP is requesting additional funding represent equipment and activities that support the basic, core functions of the department. These include costs related to vehicles, weapons, technology, and utilities.
https://lao.ca.gov/Publications/Report/5152

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

Oct 16, 2025 - Due to the timing of when budget actions occurred and how DOF reflected these actions in its fiscal documents, some —but not all —of these state operations reductions are reflected in the department totals displayed earlier in Figures 1 and 2.
https://lao.ca.gov/Publications/Report/5080