The Property Tax Inheritance Exclusion

Oct 9, 2017 - In 1986, voters approved Proposition   58 —a legislative constitutional amendment —which excludes certain property transfers between parents and children from reassessment. A decade later, Proposition  193 extended this exclusion to transfers between grandparents and grandchildren if the grandchildren ’s parents are deceased.
https://lao.ca.gov/Publications/Report/3706

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

Mar 9, 2026 - The figures includes corrections (stock market decline of more than 10 percent) and bear markets (decline of more than 20 percent) that lasted more than a few months. The figure excludes short-lived corrections such as the three-month downturn at the start of the pandemic.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The figures includes corrections (stock market decline of more than 10 percent) and bear markets (decline of more than 20 percent) that lasted more than a few months. The figure excludes short-lived corrections such as the three-month downturn at the start of the pandemic.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

Building Reserves to Prepare for a Recession

Mar 7, 2018 - To put this in more concrete but very rough terms, a moderate recession, like the dot ‑com bust, could lead to a $ 40  b illion budget problem. A more mild recession might result in a $ 20  b illion budget problem.
https://lao.ca.gov/Publications/Report/3769

^[PDF] Building Reserves to Prepare for a Recession

To put this in more concrete but very rough terms, a moderate recession, like the dot-com bust, could lead to a $40 billion budget problem. A more mild recession might result in a $20 billion budget problem.
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Given that this deficit is estimated to range from $20  billion to $35  billion in the years ahead, addressing it gradually, rather than all at once, reduces fiscal disruption and more readily provides for legislative input and flexibility.
https://lao.ca.gov/Publications/Report/5104

^[PDF] Funding and Implementation of the 2009 Delta Legislation

SBx7 7 Water Conservation • Requires a 20 percent reduction in urban per capita water use (and 5 percent overall base reduction—regardless of population) by 2020. (Chapter 4, Steinberg) • Requires agricultural water effi ciency, and changes certain water recycling and stormwater targets.
https://lao.ca.gov/handouts/resources/2010/Funding_and_Implementation_of_the_2009_Delta_Legislation_3910.pdf

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Under Proposition  58, deposits into the BSA were no longer required if the fund reached $8  billion or 5  percent of General Fund revenues, whichever was larger. Proposition  58 explicitly permitted the Legislature to transfer amounts into the BSA so that its balance exceeded either of these thresholds.
https://lao.ca.gov/Publications/Report/3900

^[PDF] 2008-09 Overview of the Governor's Budget

The budget plan identifies initial savings of almost $18 million in 2007-08 that would exceed $758 million by 2009-10 from (1) the release up to 20 months early from prison of offenders who do not have violent or serious or certain sex crimes on their record and (2) no longer actively supervising such offenders on parole.
https://lao.ca.gov/2008/budget_overview/08-09_budget_ov.pdf

^[PDF] THE ECONOMIC AND FISCAL IMPACTS OF CALIFORNIA'S AIRCRAFT GROUND TIME EXEMPTION

State Subvention Payments to Local Governments State Reimbursements Versus Actual Property 5 ECONOMIC EFFECTS OF CHAPTER 1169 .............................. 11 Existing Maintenance Facilities .......................... 11 Maintenance of Own Aircraft ......................... 11 Contract Maintenance................................ 13 New Maintenance Facil ities
https://lao.ca.gov/reports/1979/02_fiscal_impacts_of_californias_aircraft_ground_time_exemption.pdf