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: California Highway Patrol Proposals [Publication Details]

Mar 6, 2026 - In this post, we assess the Governor's California Highway Patrol budget proposals for (1) equipment and operating costs and (2) capital outlay projects.
https://lao.ca.gov/Publications/Detail/5152

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - Despite the MVA ’s projected near-term stable condition, the account ’s surplus margins remain slim and the administration estimates it will become insolvent in 2028-29. These projected out-year shortfalls likely will make it challenging for the account to fund core expenses such as CHP salaries and could increase pressure to raise fees on drivers.
https://lao.ca.gov/Publications/Report/5152

The 2025-26 Budget: California State Library

Mar 7, 2025 - Adding a sunset date would provide the Legislature the opportunity to reevaluate the fee structure and make modifications. Historically, the state has set a sunset date of January 1, five years after the account is reauthorized.
https://lao.ca.gov/Publications/Report/5013

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

Feb 27, 2026 - Funding for the state ’s 911 system comes from a monthly surcharge on telephone customers deposited in the State Emergency Telephone Number Account (SETNA). The 911 surcharge is established each fall by OES, though current law caps the surcharge at 80 cents.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - Second, the scoring system does not account for whether campuses have already received Proposition  2 funding, resulting in several campuses having multiple projects funded while other campuses have no projects funded.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - These five funds include: (1)  Dealers ’ Record of Sale (DROS) Special Account, (2)  Firearms Safety and Enforcement Special Fund, (3)  Firearm Safety Account, (4)  Ammunition Safety and Enforcement Special Fund, and (5)  Ammunition Vendors Special Account.
https://lao.ca.gov/Publications/Report/5118

The 2026-27 Budget: Department of Justice [Publication Details]

Feb 11, 2026 - In this post, we provide an overview of the Governor's proposed 2026-27 budget for the Department of Justice and analyze several proposals to fund the department's firearm-related workload.
https://lao.ca.gov/Publications/Detail/5118

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - The new date should take into account that it may take time to fully und erstand and incorporate the impacts of HR 1 into an administrative funding methodology. Additionally, in taking this task on, the administration will be adding to the many competing priorities that are underway.
https://lao.ca.gov/Publications/Report/5149