LAO commentary on Facebook IPO and state revenue forecasts

May 15, 2012 - For example, as of now, we do not know for sure what the IPO share price will be and, much more importantly for state revenues, what the company’s share price and market capitalization will be roughly six months from now when various large stock-related transactions will occur.
https://lao.ca.gov/Recommendations/Details/596

Summary of LAO Findings and Recommendations on the 2012-13 Budget

For example, as of now, we do not know for sure what the IPO share price will be and, much more importantly for state revenues, what the company’s share price and market capitalization will be roughly six months from now when various large stock-related transactions will occur.
https://lao.ca.gov/laoapp/budgetlist/PublicSearch.aspx?PolicyAreaNum=70&KeyCol=596&Yr=2012

The 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Detail/5101

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - (We consider a proposal to be “discretionary” if it provides more funding for a program or a service above what is already committed under current law or policy.) After 2026‑27, these proposals would add about $200 million in ongoing spending.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget [Publication Details]

Jan 1, 2026 - As we release publications aimed at addressing the 2026-27 budget situation, we will add them to this index page.
https://lao.ca.gov/Publications/Detail/5107

The 2025-26 Budget: California Spending Plan Series [Publication Details]

Oct 16, 2025 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The flagship report of this series, Overview of the Spending Plan, is presented here along with short online posts that focus on major areas and features of the 2025-26 budget package. As the posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/5105

Frequently asked questions concerning Facebook and California's General Fund

Aug 1, 2012 - As such, both  the administration and our office had to make assumptions about what would happen to Facebook 's stock price in the months following the IPO. The administration 's projection--incorporated in the 2012-13 budget plan--assumed a $35 share price at the time of the IPO and $35 in November, when the RSU settlement activity mentioned above will occur.
https://lao.ca.gov/Recommendations/Details/618

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - In light of this, we think the Legislature should carefully consider what types of activities it would like to include in this category —and potentially provide this guidance to the administration in statute, as appropriate —recognizing that this year ’s decisions could serve as a precedent going forward.
https://lao.ca.gov/Publications/Report/5114

^[PDF] The 1983-84 Budget: Perspectives and Issues

Pr.slden' pro Tempore Speaker 01 the Au.m/Jly 01 the Sem,t. Members of the Committee SENATORS ASSEMBLYMEN Weller W. Sliern, C~.,,,.,." Richard Roblnlon, Vice CIl",m." Allred E. Alqulll Art AIlRO. Robert G.
https://lao.ca.gov/analysis/1983/pandi_83_intro.pdf

^[PDF] The 2006-07 Budget: Perspectives and Issues

First, SEMS works best with individuals who are used to its processes, requirements, and lines of command. For instance, personnel must know how to determine who should take the incident command, which entities need to be involved, and when local resources are insufficient to address the problem.
https://lao.ca.gov/analysis_2006/2006_pandi/pandi_06.pdf