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: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - . $6.2 $6.2 Administrative and legislative Support 37.5 existing positions to conduct activities related to human resources, accounting, budget, contracts, facilities, EEO, and legislative analysis. 3.4 Support four existing positions working on land use planning and CEQA-related workload. 0.9 Statutorily Required Judicial streamlining Support four existing
https://lao.ca.gov/Publications/Report/5167

Proposition 98 Key Inputs and Outcomes Under 2024-25 Budget Package [EdBudget]

Jul 29, 2024 - Proposition 98 Key Inputs and Outcomes Under 2024-25 Budget Package [EdBudget]     a Includes $6.2 billion in funding that exceeds the revised calculation of the Proposition 98 guarantee. For the purpose of calculating the guarantee in future years, the $6.2 billion is attributed to 2022-23.
https://lao.ca.gov/Education/EdBudget/Details/894

Tracking Changes in the Proposition 98 Guarantee [EdBudget]

Jul 29, 2024 - Tracking Changes in the Proposition 98 Guarantee [EdBudget]     a The June 2024 budget plan provides nearly $6.2 billion more than the Proposition 98 guarantee in 2022-23. This amount is attributed to 2022-23 for the purpose of calculating the guarantee in future years but accrued to the 2026-27 through 2035-36 fiscal years for state budgeting and accounting purposes.      
https://lao.ca.gov/Education/EdBudget/Details/893

The 2023-24 Budget: Medi-Cal Fiscal Outlook

Nov 16, 2022 - For example, Congress approved a 6.2  percentage point increase in the federal government ’s share of cost for most Medicaid services for the duration of the PHE. In  addition, the same federal legislation effectively prohibits the state (as a condition of receiving the enhanced federal funding) from terminating the eligibility of current Medi ‑Cal enrollees, except in limited circumstances, until after the PHE ends.
https://lao.ca.gov/Publications/Report/4649

The 2023-24 Budget: In-Home Supportive Services

Mar 2, 2023 - Rather than remain at 6.2  percent through the duration of the public health emergency (as assumed by the January budget proposal), the enhanced federal funding will ramp down over the course of calendar year 2023.
https://lao.ca.gov/Publications/Report/4729

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - The spending plan assumes that RCs will serve 420,927 individuals in 2023-24 (61,647 infants and toddlers under age three and 359,280 “consumers ” [the term used in statute] ages three and older), up 6.2  percent from 2022-23.
https://lao.ca.gov/Publications/Report/4812/1

1st Quarter 2021 Personal Income Report [EconTax Blog]

Jun 28, 2021 - California ’s quarterly wage and salary growth of 1.4 percent was below the national figure of 2.1 percent, but this was coming off a quarter in which the state ’s wages and salaries grew by 6.2 percent compared to 3.9 percent nationally.
https://lao.ca.gov/LAOEconTax/Article/Detail/671

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - The budget proposes $6.2  million General Fund and 19 positions in 2026 ‑27 (and a similar amount ongoing), along with 12 new positions to be funded by CalFire ’s existing GGRF allocation, for the department to perform defensible space inspections of parcels within the State Responsibility Area (SRA) once every three years.
https://lao.ca.gov/Publications/Report/5116