The Property Tax Inheritance Exclusion

Oct 9, 2017 - Home 2 , in contrast, is sold roughly every 15   years —around the typical length of ownership of a home in California. 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.
https://lao.ca.gov/Publications/Report/3706

Building Reserves to Prepare for a Recession

Mar 7, 2018 - In his 2018 ‑ 19 b udget plan, the Governor proposes ending the year with $15. 7  b illion in total reserves (see Figure  4 ). This would consist of two amounts: $13. 5  b illion in the BSA and $2. 3  b illion in the SFEU.
https://lao.ca.gov/Publications/Report/3769

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - This section describes these agreements and the commitments now being funded by Proposition  2 debt payments. (A more detailed list of Proposition  2 eligible debts and recent uses of funding is available on page 4 of this budget brief and page 2 of the administration’s multiyear projections .)
https://lao.ca.gov/Publications/Report/3727

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Figure 2 LAO May 2018 Economic Growth Scenario a Percent Change Unless Otherwise Indicated 2017
https://lao.ca.gov/Publications/Report/3829

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

Feb 20, 2024 - For example, in such an environment it could make sense to limit new funding to proven ways of (1) addressing critical health and safety issues or (2) preventing serious deterioration of core state responsibilities.
https://lao.ca.gov/Publications/Report/4846

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - In particular, state law directs our office to report on the annual state costs for new mandates and make recommendations to the Legislature as to whether the new mandates should be (1)  repealed (permanently eliminating it or making it optional), (2)  suspended (rendering it inoperative for one year), (3)  modified, or (4)  funded.
https://lao.ca.gov/Publications/Report/5130

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Figure  4 shows how credit allocation across sectors has changed since changes were made to the program in 2018. In particular, the share of awards going to advanced manufacturing firms has greatly increased while the share going to professional services (for example, accounting, legal, and local business services) has significantly decreased.
https://lao.ca.gov/Publications/Report/5162

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - Figure  4 demonstrates this relationship. The typical 25 to 35 year old homeowner has been in their home for about four and a half years. In contrast, the typical homeowner over 65 has been in their home for over 20 years.
https://lao.ca.gov/Publications/Report/3693

Managing California’s Cash

Sep 3, 2019 - The General Fund ’s share of the loan will be repaid from the state ’s annual Proposition  2 (201 4) d ebt payment requirements. (These requirements vary from year to year according to a formula, but are generally $ 1  b illion or more depending on expected state revenue performance.)
https://lao.ca.gov/Publications/Report/4092

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - In fact, the state had excess revenues of $1.1  billion in 1986 ‑ 87 —equal to over $2  billion in today ’s dollars. Proposition  4 required the excess to be rebated to taxpayers. Proposition   98 (1988) Changed How Excess Revenues Are Distributed.
https://lao.ca.gov/Publications/Report/3596