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 9 (Professional Engineers)

Jun 27, 2025 - Pay Increases. As specified below, the agreement would provide all Unit 9 members pay increases on July 1, 2025 and on July 1, 2027. 2025-26: 3  Percent General Salary Increase (GSI). Effective July 1, 2025, the agreement would provide all state employees represented by Unit 9 a 3  percent pay increase.
https://lao.ca.gov/Publications/Report/5061

Unit 9 (Professional Engineers) MOU Analysis [Publication Details]

Aug 25, 2022 - Unit 9 (Professional Engineers) MOU Analysis [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/4620

Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - Pay Increase Might Not Keep Pace With Inflation. The proposed agreement would increase pay for Unit 9 members by a compounded 7.7  percent over the term of the agreement. Inflation has accelerated recently, with prices increasing close to 9  percent over the last year.
https://lao.ca.gov/Publications/Report/4620

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

Sep 7, 2023 - MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [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/4800

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

Feb 27, 2026 - The 2026-27 Budget: Office of Emergency Services Next Generation 911 System [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/5145

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Controlling for inflation, Figure 7 shows that average Unit 6 base pay increased by 18 percent between 2003 and 2006 under the terms of the 2001‑06 MOU. Since 2006, inflation has eroded the average Unit 6 base pay such that real base pay in 2022 was almost 9 percent lower than it was in 2006.
https://lao.ca.gov/Publications/Report/4800

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

Feb 27, 2026 - First, Chapter  54 (S B  96 , Committee on Budget and Fiscal Review) changed the structure of the fees that are deposited in SETNA, thereby increasing revenue to enable OES to pay for costs associated with planning, testing, implementing, and operating a Next Generation 911 system.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - The 2026-27 Budget: Overview of the Governor's Budget [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/5101