The Property Tax Inheritance Exclusion

Oct 9, 2017 - By 2030, home  1 ’s bill would be one ‑third as much as home  2 ’s bill. In the absence of the inheritance exclusion, when home  1 passes to the original owner ’s child it would be reassessed. This would erase much of the difference in property tax payments between home  1 and home  2.
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

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - For example, in such an environment it could make sense to limit new funding to proven ways of (1) addressing critical health and safety issues or (2) preventing serious deterioration of core state responsibilities.
https://lao.ca.gov/Publications/Report/4846

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Figure  1 shows the value of credits claimed each year since the program ’s inception in 2014. Because applicants must provide sufficient evidence that the credit will influence their employment and investment decisions in the state, GO-Biz often does not award all tax credits available to be allocated in a given fiscal year.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues available to fully cover the associated costs.
https://lao.ca.gov/Publications/Report/5130

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - California voters, however, passed Proposition  58 in 1986, which amended the California Constitution to exempt transfers between parents and children (and later grandparents and grandchildren under certain circumstances under Proposition  193 [1996]) from revaluation.
https://lao.ca.gov/Publications/Report/3693

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - Assembly Bill  573 requires our office to publish a report on tobacco retail enforcement by December 1, 2027. If this could lead to budget adjustments, the Legislature may wish to schedule some of the proposed funding to expire after 2027 ‑28.
https://lao.ca.gov/Publications/Report/5132

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Figure  1 compares the statewide minimum wage to the Census Bureau ’s official poverty measure —a specified level of income based on family size. (We estimate the 2024 poverty thresholds using the 2023 thresholds and an inflation forecast.)
https://lao.ca.gov/Publications/Report/4878/3