The Property Tax Inheritance Exclusion

Oct 9, 2017 - The typical home inherited in Los Angeles County during the past decade had been owned by the parents for nearly 30 years. For a home owned this long, the inheritance exclusion reduces the child ’s property tax bill by $3,000 to $4,000 per year.
https://lao.ca.gov/Publications/Report/3706

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

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

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

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Throughout the mid-to-late 1990s, the stock market boomed over optimism around the Internet and dot-com start-ups. Strong tax revenue trends from this boom generated large budget surpluses that ultimately gave way to serious deficits once the bubble burst and PIT revenues declined nearly 30  percent.
https://lao.ca.gov/Publications/Report/5104

^[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

^[PDF] The Office of Spill Prevention and Response: Funding and Responsibilities

Responding to a Spill in Marine Waters: ; The OSPR and the US Coast Guard set up a unified com- „ mand to monitor the spill, with the Coast Guard in command. Oil spill response organizations, under contract with the re- „ sponsible party, begin the cleanup.
https://lao.ca.gov/handouts/resources/2007/OSPR_113007.pdf

^[PDF] The Office of Spill Prevention and Response: Funding and Responsibilities

Responding to a Spill in Marine Waters: ; The OSPR and the US Coast Guard set up a unified com- „ mand to monitor the spill, with the Coast Guard in command. Oil spill response organizations, under contract with the re- „ sponsible party, begin the cleanup.
https://lao.ca.gov/handouts/resources/2007/OSPR_111907.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

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - Current tax return data suggest that the total will be around $58 million. Preliminary Total for Third Quarter of 2025: $13 Million. For firearm and ammunition excise tax returns filed for the third quarter of 2025, the total amount of tax due is $13 million —slightly below the quarterly average in the first year of the program.
https://lao.ca.gov/LAOEconTax/article/Detail/842