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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - In a 2003 decision in Paterno v. California , a state appellate court found the state was responsible for a levee failure along the Yuba River in 1986. The state eventually paid a $ 464  m illion settlement to the nearly 3, 000 p laintiffs.
https://lao.ca.gov/Publications/Report/3769

^[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

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] Supplemental Report of the 2003 Budget Act

Construction is scheduled to start September 2003 and be com- pleted October 2004. 3. Pacheco Forest Fire Station—Replace Facility. The budget provides $591,000 for construction to replace the Pacheco Forest Fire Station in Santa Clara County.
https://lao.ca.gov/2003/supp_report/supp_rpt_2003_budget_act.pdf

^[PDF] Supplemental Report Of the 2002 Budget Act 2002-03 Fiscal Year CONTAINING STATEMENTS OF INTENT ADOPTED BY THE LEGISLATURE OR REQUESTS FOR STUDIES

The DMH shall report its findings to the Joint Legislative Budget Com- mittee and the fiscal committees of both houses of the Legislature by March 1, 2003. Supplemental Report of the 2002 Budget Act Page 25 2.
https://lao.ca.gov/2002/supplemental_report/supp_rpt_2002_budget_act.pdf

^[PDF] Higher Education Enrollment

This increase is partly in recognition of the enrollment that is expected to be diverted from UC and CSU to the community colleges. • When enrollment proposals for all three segments are com- bined, the Governor’s budget funds a net increase of about 28,000 FTE students.
https://lao.ca.gov/handouts/education/2004/Higher_Education_Enrollment_041404.pdf

^[PDF] LAO 2005-06 Budget Analysis: Capital Outlay Chapter

Accordingly, we recommend the CSU Northridge project be approved contingent upon CSU committing to use nonstate funds to com- plete the project if state funds are not available. G - 58 Capital Outlay 2005-06 Analysis CALIFORNIA COMMUNITY COLLEGES (6870) The Governor proposes $262 million from the Higher Education Capi- tal Outlay Bond Fund of 2004 for 50 projects.
https://lao.ca.gov/analysis_2005/cap_outlay/co_anl05.pdf