The Property Tax Inheritance Exclusion

Oct 9, 2017 - Figure  3 reports our estimates of these fiscal effects by county. Greater Losses Likely in Future. It is likely the fiscal effect of this exclusion will grow in future years as California ’s homeowners continue to age and the use of the inheritance exclusion increases.
https://lao.ca.gov/Publications/Report/3706

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

Mar 9, 2026 - The figures includes corrections (stock market decline of more than 10 percent) and bear markets (decline of more than 20 percent) that lasted more than a few months. The figure excludes short-lived corrections such as the three-month downturn at the start of the pandemic.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The figures includes corrections (stock market decline of more than 10 percent) and bear markets (decline of more than 20 percent) that lasted more than a few months. The figure excludes short-lived corrections such as the three-month downturn at the start of the pandemic.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

Building Reserves to Prepare for a Recession

Mar 7, 2018 - To put this in more concrete but very rough terms, a moderate recession, like the dot ‑com bust, could lead to a $ 40  b illion budget problem. A more mild recession might result in a $ 20  b illion budget problem.
https://lao.ca.gov/Publications/Report/3769

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Given that this deficit is estimated to range from $20  billion to $35  billion in the years ahead, addressing it gradually, rather than all at once, reduces fiscal disruption and more readily provides for legislative input and flexibility.
https://lao.ca.gov/Publications/Report/5104

^[PDF] Building Reserves to Prepare for a Recession

To put this in more concrete but very rough terms, a moderate recession, like the dot-com bust, could lead to a $40 billion budget problem. A more mild recession might result in a $20 billion budget problem.
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Proposition  58 required BSA deposits to increase from 1  percent of General Fund revenues in 2006 ‑07 to 3  percent in 2008 ‑09 and every year thereafter. Proposition  58 Required Deposits Until BSA Reached Certain Size.
https://lao.ca.gov/Publications/Report/3900

^[PDF] Citizens Fair Districts Act

Brown Jr. 3 December 20, 2007 Fiscal Effect The Legislature spent about $3 million in 2001 on redistricting. This measure would limit future redistricting costs to 90 percent of this amount, adjusted for inflation.
https://lao.ca.gov/ballot/2007/070854.pdf

^[PDF] Funding and Implementation of the 2009 Delta Legislation

The DWR is required to work with local agencies to deter- mine how much monitoring is needed, develop standards for reporting, and conduct an investigation of the state’s ground- water basins and report these fi ndings to the Legislature.  Chapter Four (1) establishes a statutory statewide target of 20 percent reduction in urban per capita water use by 2020, (2) sets a target of
https://lao.ca.gov/handouts/resources/2010/Funding_and_Implementation_of_the_2009_Delta_Legislation_3910.pdf

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

Aug 18, 2025 - Preliminary Total for 2024-25: $58 Million. For firearm and ammunition excise tax returns filed for 2024-25, the total amount of tax due is $58 million —a bit lower than the budget package revenue assumption.
https://lao.ca.gov/LAOEconTax/Article/Detail/836