The Property Tax Inheritance Exclusion

Oct 9, 2017 - To see how this happens, consider an example of two identical homes built in the same neighborhood in 1980: Home 1 is purchased in 1980 and owned continuously by the original owners until their death 50 years later, at which time the home is inherited by their child.
https://lao.ca.gov/Publications/Report/3706

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Budget Stabilization Account Proposition   58 Governed BSA From 2004 t o 2014. Until 2014, the BSA was governed by Proposition  58. Passed by voters in 2004, Proposition   58 r equired the state to make an annual transfer into the BSA.
https://lao.ca.gov/Publications/Report/3769

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - We estimate the Governor ’s budget predicts the state ’s 2024-25 budget will need to address a $58 billion deficit . In December, our office predicted a somewhat large deficit of $68 billion . Since then, recent data has continued to point to the budget problem being larger than the Governor’s budget assumes.
https://lao.ca.gov/Publications/Report/4846

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - California voters, however, passed Proposition  58 in 1986, which amended the California Constitution to exempt transfers between parents and children (and later grandparents and grandchildren under certain circumstances under Proposition  193 [1996]) from revaluation.
https://lao.ca.gov/Publications/Report/3693

Fixing Unemployment Insurance

Dec 2, 2024 - Unemployed workers can receive 50  percent of their regular wages, up to a maximum of $450 per week, for up to 26 weeks. (Due to the $450 weekly benefit maximum, about half of workers receive less than 50  percent of their regular wages.)
https://lao.ca.gov/Publications/Report/4943

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - At the other end, average wages in the Bay Area are at least 20  percent higher —and in some counties, 50  percent higher —than the statewide average. Some High-Wage Areas Do Not Have Local Minimum Wages.
https://lao.ca.gov/Publications/Report/4878/3

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - These fee increases, which are estimated to generate about $50  million in new revenue through 2027-28, are designed to help DFPI address a significant structural deficit in the Financial Protection Fund.
https://lao.ca.gov/Publications/Report/5081/

Do Communities Adequately Plan for Housing?

Mar 8, 2017 - (Very ‑low income is defined as less than 50  percent of an area ’s median income, low income 50  percent to 80  percent, moderate income 80  percent to 120  percent, and above ‑moderate income more than 120  percent.)
https://lao.ca.gov/Publications/Report/3605