How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - The budget provides $2.4  million one-time General Fund for the Civil Right Department ’s California vs. Hate initiative. California vs. Hate is a non-emergency hotline and online portal that allows state residents to report hate crimes and hate incidents.
https://lao.ca.gov/Publications/Report/5082

Updating the California Necessities Index

Aug 14, 2025 - To score well on this assessment, the average of the differences across years should be small. It  is also important that these differences be symmetric: a new measure should minimize the extent to which changes are consistently higher or lower than the current CNI.
https://lao.ca.gov/Publications/Report/5065

Online sports wagering. [Ballot]

Oct 20, 2021 - The measure allows entities to annually deduct from their online sports wagering tax payment up to 20  percent of the amount they paid in initial and renewal license fees.  Under this measure, all of these revenues would be deposited into a new special fund, the California Online Sports Betting Trust Fund (COSBTF).
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Gaming. [Ballot]

Dec 18, 2023 - Specifically, such tribes must pay 25  percent of sports wagering revenue into the TSW-RSTF and up to 1 percent (subject to negotiations) into the CSWARF —a total of up to 26  percent.  This percent is applied to the amount of sports wagers made after deducting (1)  any wagers made with free bets or promotional credits (such as a wager made with
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Updating the California Necessities Index [Publication Details]

Aug 14, 2025 - Recent changes were made to the publication of statistics required to calculate the California Necessities Index, which is used to adjust certain benefit rates and cost-of-living adjustments. In this brief, we provide details on the changes and evaluate alternatives for the index that require only currently available data and conform to the original intent of the index.
https://lao.ca.gov/Publications/Detail/5065

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - The Chancellor ’s Office may designate up to 50  percent of state funding each year for life safety projects, though the amount needed to fund all project proposals in this category is typically much lower.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

The 2021-22 Budget: California Student Aid Commission

Feb 8, 2021 - Figure 4 CSAC Uses Scoring Matrix to Allocate Competitive Awards Reflects Scoring Matrix Used Since 2018 ‑19 Component
https://lao.ca.gov/Publications/Report/4355