The Property Tax Inheritance Exclusion

Oct 9, 2017 - The share of homeowners over 65 increased from 24  percent in 2005 to 31  percent in 2015. This trend is likely to continue in coming years as baby boomers —a major demographic group —continue to age.
https://lao.ca.gov/Publications/Report/3706

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

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

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

^[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

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

Aug 18, 2025 - The recently enacted budget package assumed that 2024-25 revenue would be $65 million. 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

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

^[PDF] 2006-07 Overview: Resources and Environmental Protection

Resources Agency: 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 1995-96 $812 49% $745 45% $36 2% $65 4% $1,658 1996-97 771 45 782 46 94 5 63 4 1,710 1997-98 717 42 839 49 91 5 75 4 1,722 1998-99 1,105 53 840 40 56 3 76 4
https://lao.ca.gov/handouts/resources/2006/2006_07_overview_resources_03_22_06.pdf