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

Firearms and Ammunition Revenue Update (2025 Q2) [EconTax Blog]

Aug 18, 2025 - In May 2024, the administration revised its estimate to $103 million. The recently enacted budget package assumed that 2024-25 revenue would be $65 million. Preliminary Total for 2024-25: $58 Million.
https://lao.ca.gov/LAOEconTax/Article/Detail/836

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - The administration lowered its estimate to $103 million in May 2024 and then to $65 million in May 2025. Current tax return data suggest that the total will be around $58 million. Preliminary Total for Third Quarter of 2025: $13 Million.
https://lao.ca.gov/LAOEconTax/article/Detail/842

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - The administration lowered its estimate to $103 million in May 2024 and then to $65 million in May 2025. Current tax return data suggest that the total will be around $58 million. Preliminary Total for Third Quarter of 2025: $13 Million.
https://lao.ca.gov/LAOEconTax/Article/Detail/842

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

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

^[PDF] Building Reserves to Prepare for a Recession

Proposition 58 allowed these deposits to be suspended by an executive order issued by the Governor. Between 2004 and 2014 only two transfers were made to the BSA under the provisions of Proposition 58.
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 Fair Insurance Premiums and Practices Act

Pursuant to Proposition 103, a statewide initiative enacted by voters in 1988, the Insurance Commissioner is responsible for reviewing and approving rate changes for property and casualty insurance lines—such as automobile, residential property, and earthquake insurance—before revisions to the rates can take effect.
https://lao.ca.gov/ballot/2009/090640.pdf