The Property Tax Inheritance Exclusion

Oct 9, 2017 - This share is higher in some counties, such as Mendocino (9  percent), San Luis Obispo (7  percent), El Dorado (6  percent), Sonoma (6  percent), and Santa Barbara (5  percent). Figure  3 reports our estimates of these fiscal effects by county.
https://lao.ca.gov/Publications/Report/3706

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

^[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

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

For 1975-76 and each subsequent year, the reimbursement is the prior-year reimbursement increased by 6 percent. Tables 1 and 2 provide a breakdown distributed by county and by airline, respectively, of the 1972-73 base-year revenue losses com- puted by the Board of Equalization.
https://lao.ca.gov/reports/1979/02_fiscal_impacts_of_californias_aircraft_ground_time_exemption.pdf

^[PDF] The Citizens Fair Districts Act (version 3)

Brown Jr. 3 April 6, 2007 Summary. This measure would have the following fiscal impact: • Potentially increased redistricting costs every ten years—probably of less than $1 million. Any such costs would be accommodated within the Legisla- ture’s existing budget.
https://lao.ca.gov/ballot/2007/070253.pdf

^[PDF] California's Tax Expenditure Programs: Income Taxes

Figure 3 Bank and Corporation Tax Rates General Corporation Rate Minimum Taxa 1929-34 2.00% $25 1935-42 4.00 25 1943-49 3.40 25 1950-58 4.00 25 1959-66 5.50 100 1967-71 7.00 100 1972 7.60 200 1973 8.30 200 1974-79 9.00 200 1980-81 9.60 200 1982-86 9.60 200 1987-88 9.30 300 1989 9.30 600 1990-96 9.30 800 1997 to present 8.84 800 a Beginning in 1998, new small corporations pay a minimum tax below this amount.
https://lao.ca.gov/1999/tax_expenditure_299/tep_299_income_tax.pdf

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

(Chapter 3, Cogdill) • Reactivates California Water Commission (with continuous appro- priation authority for new storage projects). SBx7 6 Groundwater • Requires groundwater elevation monitoring by local agencies (with guidance from Department of Water Resources).
https://lao.ca.gov/handouts/resources/2010/Funding_and_Implementation_of_the_2009_Delta_Legislation_3910.pdf