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

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - While some state correctional officers work in four of the counties included in the survey, there are zero state correctional officers who work in the Counties of Orange or Santa Clara. Thus, one-third of the compensation comparison in the study is not actually directly competing with the state for workers.
https://lao.ca.gov/Publications/Report/4800

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive [Publication Details]

Feb 24, 2026 - The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive [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/5140

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive Summary The Governor proposes a cumulative total of $200  million from the Greenhouse Gas Reduction Fund (GGRF) and the Air Pollution Control Fund (APCF), and associated budget trailer legislation, to create a new point ‑of ‑sale incentive program for light ‑duty zero ‑emission vehicles (ZEVs).
https://lao.ca.gov/Publications/Report/5140

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details]

Sep 7, 2023 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 6 (Corrections). This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4800

The 2023-24 Budget: Proposed Reauthorization of AB 8 Vehicle Fees

Feb 24, 2023 - First, the proposal would limit eligibility for CTP funding to zero ‑emission technologies. (CTP historically has funded both low ‑emission and zero ‑emission technologies, although has begun to prioritize the latter in recent years.)
https://lao.ca.gov/Publications/Report/4708

Proposition 98 Key Inputs and Outcomes Under Governor's Budget [EdBudget]

Jan 15, 2026 - Proposition 98 Key Inputs and Outcomes Under Governor's Budget [EdBudget]   a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. b This decline is deemed to be zero for the purpose of calculating the guarantee.
https://lao.ca.gov/Education/EdBudget/Details/1063

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

Oct 16, 2025 - The two largest reductions total $500  million from Proposition  98 General Fund that had been planned to support the purchase of and infrastructure for zero-emission school buses in 2025-26 as part of a previously-approved zero-emission vehicles (ZEV) package.
https://lao.ca.gov/Publications/Report/5080

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - This includes $20 million for the Transit and Intercity Rail Capital Program planned for 2026‑27, and $230 million in 2026‑27 and $460 million in 2027‑28 for the Zero Emission Transit Capital Program.
https://lao.ca.gov/Publications/Report/5114