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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Online sports wagering. [Ballot]

Oct 20, 2021 - Under current state law, funding is provided to local entities and tribes as follows: (1)  80  percent to local entities generally based on their proportionate share of the homeless population in the state, (2)  2  percent to tribes generally based on self-asserted need, and (3)  18  percent to HCFC for discretionary bonuses to funding recipients who meet homelessness goals they have set for themselves.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

An Update on California Competes [EconTax Blog]

Mar 10, 2023 - These conclusions seem somewhat at odds with the significant share of credits recaptured from businesses due to their failure to meet investment targets. One potential interpretation is that the state is making high risk-high reward bets on businesses.
https://lao.ca.gov/LAOEconTax/Article/Detail/771

Sports wagering. [Ballot]

Dec 18, 2023 - At the same time, state and/or local revenues could increase due to required fees (such as regulatory fees), payments (such as a share of sports wagering revenues), or tax revenues from economic activity associated with sports wagering.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-031

Gaming. [Ballot]

Dec 18, 2023 - This measure creates two new funds —the Tribal Sports Wagering Revenue Sharing Trust Fund (TSW-RSTF) and the California Sports Wagering Administration Regulation Fund (CSWARF). Under this measure, tribes offering sp orts wagering under the state law framework and tribes adopting the model compact agreement would be required to make payments into these two funds.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Tribal gaming. [Ballot]

Dec 27, 2021 - This measure creates two new funds —the Tribal Sports Wagering Revenue Sharing Trust Fund (TSW-RSTF) and the California Homelessness and Mental Health Fund (CHMHF). Under this measure, tribes offering sports wagerin g under the state law framework and tribes adopting the model compact agreement would be required to make payments into these two funds.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

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 2025-26 Budget: California Department of Corrections and Rehabilitation

Feb 25, 2025 - CDCR Also Continuing to Operate Excess APP and ICF Bed Capacity. As shown in Figure   4 , CDCR is also operating excess capacity in other types of inpatient beds, including 205 APPs, 327  ICFs at both men ’s prisons and state hospitals, 32  APP/ICF beds at women ’s prisons, and 13 APP/ICF beds for the condemned population.
https://lao.ca.gov/Publications/Report/4986

Assessment of the Strong Workforce Program

Dec 10, 2025 - Earnings Outcomes Differ for CTE Versus Non‑CTE Students. To measure earnings outcomes for former students who are now employed, the Chancellor’s Office has a data sharing agreement with the Employment Development Department.
https://lao.ca.gov/Publications/Report/5098