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

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

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

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

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Under Proposition  58, deposits into the BSA were no longer required if the fund reached $8  billion or 5  percent of General Fund revenues, whichever was larger. Proposition  58 explicitly permitted the Legislature to transfer amounts into the BSA so that its balance exceeded either of these thresholds.
https://lao.ca.gov/Publications/Report/3900

^[PDF] 080735.indd

Figure 1 1998-99 Through 2007-08 (Dollars in Millions) Goal/Program Years in Total Ten-Year Fundinga 2007-08 Funding Administering Agency General Recruitment Alternative Certification Program 24 $249 $32 Commission on Teacher Credentialing (CTC) Special Funding for CSU Teacher Preparation 10 93 9 California State University (CSU) Paraprofessional Teacher Training Program 17 82 8 CTC
https://lao.ca.gov/2009/edu/teacher_recruitment/teacher_recruitment_030409.pdf

^[PDF] THE ECONOMIC AND FISCAL IMPACTS OF CALIFORNIA'S AIRCRAFT GROUND TIME EXEMPTION

State Subvention Payments to Local Governments State Reimbursements Versus Actual Property 5 ECONOMIC EFFECTS OF CHAPTER 1169 .............................. 11 Existing Maintenance Facilities .......................... 11 Maintenance of Own Aircraft ......................... 11 Contract Maintenance................................ 13 New Maintenance Facil ities
https://lao.ca.gov/reports/1979/02_fiscal_impacts_of_californias_aircraft_ground_time_exemption.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 4 142 16 893 2000-01
https://lao.ca.gov/handouts/resources/2007/0708_Budget_Overview_Resources_Environmental_030507.pdf