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 2026-27 Budget: Office of Emergency Services Next Generation 911 System [Publication Details]

Feb 27, 2026 - This brief summarizes the history, costs, and current status of the state’s effort to deploy a Next Generation 911 system and assesses the administration’s proposal to abandon the existing regional approach in favor of a statewide model. It also offers recommendations regarding legislative oversight of this project and the long-term governance of the state’s 911 system.
https://lao.ca.gov/Publications/Detail/5145

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - OES in Process of Transitioning From Legacy 911 to Next Generation 911. OES is in the process of transitioning the state from “legacy 911 ” (designed to operate on copper landlines) to Next Generation 911.
https://lao.ca.gov/Publications/Report/5145

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

Oct 16, 2025 - CARB = California Air Resources Board; CEC = California Energy Commission; Parks = Department of Parks and Recreation; SWRCB = State Water Resources Control Board; DWR = Department of Water Resources; CPUC = California Public Utilities Commission; WCB = Wildlife Conservation Board; CalFire = Department of Forestry and Fire Protection; LCI = Governor ’s Office of Land Use and Climate Innovation; and OES = Governor ’s Office of Emergency Services.
https://lao.ca.gov/Publications/Report/5080

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The language also requires OES to provide the Legislature with two progress reports on the project —which has faced significant implementation challenges —on or before November 1, 2025 and March  1, 2026.
https://lao.ca.gov/Publications/Report/5081/

Improving Legislative Oversight of Emergency Authorities

Apr 10, 2025 - The  Governor ’s proclamation is filed with the Secretary of State and publicly posted on the Governor ’s and Governor ’s Office of Emergency Services ’ (OES) websites. (CESA establishes OES as the state entity responsible for overseeing the state ’s response to emergencies.)
https://lao.ca.gov/Publications/Report/5029

Improving Legislative Oversight of Emergency Authorities [Publication Details]

Apr 10, 2025 - In this report, we describe how the Legislature has delegated some of its core powers to allow the Governor to exercise emergency authorities during a state of emergency. Next, we assess the degree to which this is necessary to facilitate emergency response and whether there are adequate oversight mechanisms in place.
https://lao.ca.gov/Publications/Detail/5029

The 2025-26 Budget: California Student Aid Commission

Feb 28, 2025 - Instead, its budget change request focused on addressing the departme nt ’s shortfall in OE &E funding, which is largely driven by inflationary pressures. Though CSAC provided documentation showing how OE&E costs have been increasing, it did not include detail on how additional funding would be allocated to cover both rising OE&E costs and staffing shortages.
https://lao.ca.gov/Publications/Report/4994

The 2025-26 Budget: University of California

Feb 27, 2025 - Though much smaller in magnitude, UC also can experience cost increases relating to operating expenses and equipment (OE&E). OE&E costs tend to grow with inflation over time, though UC tries to contain these costs through operational efficiencies.
https://lao.ca.gov/Publications/Report/4998