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

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/article/Detail/851

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request [Publication Details]

Feb 11, 2026 - In this post we assess the Governor’s request for permanent funding for the Cannabis Control Appeals Panel.
https://lao.ca.gov/Publications/Detail/5119

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - Established as a three-person panel by Proposition  64 (2016), the purpose of CCAP is to provide cannabis licensees and applicants with an impartial appellate body that can review licensing decisions made by DCC.
https://lao.ca.gov/Publications/Report/5119

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - The latter reductions are primarily due to lower Proposition  64 revenues and the use of one ‑time federal carryover funds in 2025 ‑26 ( Figure  5 ). Figure 4
https://lao.ca.gov/Publications/Report/5168

Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog]

Dec 2, 2025 - In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/article/Detail/844

Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog]

Dec 2, 2025 - In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/844

The 2026-27 Budget: Child Care and State Preschool [Publication Details]

Mar 19, 2026 - In this brief, we assess the Governor’s 2026-27 proposals for child care and State Preschool and provide associated recommendations.
https://lao.ca.gov/Publications/Detail/5168