The Property Tax Inheritance Exclusion

Oct 9, 2017 - By 2030, home  1 ’s bill would be one ‑third as much as home  2 ’s bill. In the absence of the inheritance exclusion, when home  1 passes to the original owner ’s child it would be reassessed. This would erase much of the difference in property tax payments between home  1 and home  2.
https://lao.ca.gov/Publications/Report/3706

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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

Building Reserves to Prepare for a Recession

Mar 7, 2018 - These required deposits were to gradually increase from 1  p ercent of General Fund revenues in 2006 ‑ 07 t o 3  p ercent in 2008 ‑09 and every year thereafter. Proposition  58 allowed these deposits to be suspended by an executive order issued by the Governor.
https://lao.ca.gov/Publications/Report/3769

^[PDF] Building Reserves to Prepare for a Recession

Until 2014, the BSA was governed by Proposition 58. Passed by voters in 2004, Proposition 58 required the state to make an annual transfer into the BSA. These required deposits were to gradually increase from 1 percent of General Fund revenues in 2006-07 to 3 percent in 2008-09 and every year thereafter.
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

^[PDF] The Office of Spill Prevention and Response: Funding and Responsibilities

Responding to a Spill in Marine Waters: ; The OSPR and the US Coast Guard set up a unified com- „ mand to monitor the spill, with the Coast Guard in command. Oil spill response organizations, under contract with the re- „ sponsible party, begin the cleanup.
https://lao.ca.gov/handouts/resources/2007/OSPR_111907.pdf

^[PDF] The Office of Spill Prevention and Response: Funding and Responsibilities

Responding to a Spill in Marine Waters: ; The OSPR and the US Coast Guard set up a unified com- „ mand to monitor the spill, with the Coast Guard in command. Oil spill response organizations, under contract with the re- „ sponsible party, begin the cleanup.
https://lao.ca.gov/handouts/resources/2007/OSPR_113007.pdf

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Sometime After 2022 ‑23 assuming neither the optional deposit nor the deposit made under the rules of Proposition  58 count. The Legislature ’s policy appears to be that both the optional deposit and Proposition  58 deposit should count toward the 10  percent threshold.
https://lao.ca.gov/Publications/Report/3900

^[PDF] The 2024-25 Budget: California’s Fiscal Outlook

With the deadline passed, collections data now show a severe revenue decline, with total income tax collections down 25 percent in 2022-23. This decline is similar to those seen during the Great Recession and dot-com bust.
https://lao.ca.gov/reports/2023/4819/2024-25-Fiscal-Outlook-120723.pdf