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 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - Figure 2 Summary of Provisions to Suspend Employer and Employee OPEB Prefunding Under Ratified Agreements Rates as a Percentage of Pay Unit Rates Suspended in 2025 ‑26 and 2026 ‑27 Year Rates Fully Restored 3.0 2027 ‑28 a The Unit 6 agreement suspends only the state employer contribution towards OPEB and maintains the employee contribution. b The agreements with Units 7, 12, and
https://lao.ca.gov/Publications/Report/5064

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Additionally, only version 3.0 projects that have been completed are included in the data, and may not represent the set of all projects that will be completed under version 3.0 of the credit. Evaluating Changes Made in Program 4.0 New Diversity Rules Provide a More Credible Incentive for Applicants.
https://lao.ca.gov/Publications/Report/5036

Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - Adoption of NEM 3.0 Intended to Mitigate Projected Increases in Solar Cost Shift. The main explanation for why NEM 3.0 provides a lower amount of credit to solar customers compared to the previous NEM programs is that the new structure credits customers only for the costs the utility avoids by not having to buy electricity elsewhere to serve them.
https://lao.ca.gov/Publications/Report/4950

The 2024-25 Budget: College of the Law, San Francisco

Mar 5, 2024 - The 2024-25 Budget: College of the Law, San Francisco 3.0 a Base General Fund was reduced in response to the pandemic ‑related recession. b Reflects base General Fund adjustment over the amount of total ongoing General Fund provided the previous year. c Reflects base General Fund adjustment over total ongoing core funds provided the previous year.
https://lao.ca.gov/Publications/Report/4875

The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - Most award types require a minimum high school GPA of 2. 0 or 3.0 or a minimum community college GPA of 2.0 or 2.4. Most Cal Grants Are Entitlements, but Some Are Awarded Competitively. For more than 20 years, the state has provided Cal Grants as entitlements to recent high school graduates as well as transfer students under age 28.
https://lao.ca.gov/Publications/Report/4865

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The existing film tax credit (Program 3.0) was set to sunset on June  30, 2025. This new iteration of the program includes set safety provisions under a new pilot program, refundability for tax credits, and new program elements aimed at increasing diversity in California ’s film industry.
https://lao.ca.gov/Publications/Report/4814

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - The 2023-24 Budget: College of the Law, San Francisco 3.5 3.0 UC Law SF Recently Increased Tuition Charges. From 2012 ‑13 through 2021 ‑22, UC Law SF held enrollment fees flat at $43,486 for resident students.
https://lao.ca.gov/Publications/Report/4732

The 2022-23 Budget: Analysis of Child Welfare Proposals and Program Implementation Updates

Feb 22, 2022 - Rate flexibilities for resource families directly impacted by pandemic f 3.0 3.5 — DSS did not track how many families received rate flexibilities (rather, the department receives aggregated claims data from counties).
https://lao.ca.gov/Publications/Report/4558