The Property Tax Inheritance Exclusion

Oct 9, 2017 - We trace the property tax bills of these two homes over several decades in Figure  4 under the assumption that the homes appreciate at historically typical rates for California homes. By 2030, home  1 ’s bill would be one ‑third as much as home  2 ’s bill.
https://lao.ca.gov/Publications/Report/3706

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Under the first statute, the trigger would occur if the Director of Finance projects the SFEU to exceed about 4  p ercent of General Fund revenues (currently, about $5. 4  b illion) in the prior and current year.
https://lao.ca.gov/Publications/Report/3769

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

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/article/Detail/852

^[PDF] Building Reserves to Prepare for a Recession

Under the second statute, the trigger would occur if (1) the “General Fund reserve” exceeds about 3 percent of revenues (currently, around $4 billion) and (2) actual General Fund revenues between May 1st and September 30th exceed the administration’s forecasted amounts. gutter analysis full L E G I S L A T I V E A N A L Y S T ’ S O F F I C E 2 0 1 8 - 1 9 B U D G E T 8 Budget Stabilization Account Proposition 58 Governed BSA From 2004 to 2014.
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 ECONOMIC AND FISCAL IMPACTS OF CALIFORNIA'S AIRCRAFT GROUND TIME EXEMPTION

Tables 1 and 2 provide a breakdown distributed by county and by airline, respectively, of the 1972-73 base-year revenue losses com- puted by the Board of Equalization. The cost to the state for total local reimbursements over the six-year period of the legislation is shown in Table 3, and Table 4 shows the 1977-78 reimbursements by county.
https://lao.ca.gov/reports/1979/02_fiscal_impacts_of_californias_aircraft_ground_time_exemption.pdf

^[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

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

We describe the key proposals with current-year savings below and summa- rize them in Figure 4. The administration is also seeking early legislative action on a number of budget-year proposals which we describe later in this report.
https://lao.ca.gov/2008/budget_overview/08-09_budget_ov.pdf

^[PDF] 2007-08 Budget Overview: Resources and Environmental Protection (Including an Overview of the CALFED Bay-Delta Program)

Cal-EPA— 12-Year Funding Mix and Expenditure Trends (Dollars in Millions) General Fund Special Funds Bond Funds Federal Funds Amount Percent Amount Percent Amount Percent Amount Percent Total Funds 1996-97 $90 12% $447 62% $26 4% $156 22% $719 1997-98 105 13 528 64 34 4 154 19 821 1998-99 175 20 452 52 42 5 196 23 865 1999-00 166 19 549 61 36
https://lao.ca.gov/handouts/resources/2007/0708_Budget_Overview_Resources_Environmental_030507.pdf