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

^[PDF] Building Reserves to Prepare for a Recession

Under the second statute, the trigger would occur if (1) the “General Fund reserve” exceeds about 3 percent of revenues (currently, around $4 billion) and (2) actual General Fund revenues between May 1st and September 30th exceed the administration’s forecasted amounts. gutter analysis full L E G I S L A T I V E A N A L Y S T ’ S O F F I C E 2 0 1
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

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 - 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 - 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

^[PDF] HMOs and Rural California

In those rural areas where these steps are not enough to attract HMOs, we identify ways com- munities can develop their own health care sys- tems based on the experience of one rural California county. ■ August 8, 2002 2 L E G I S L A T I V E A N A L Y S T ’ S O F F I C E A N L A O R E P O R T INTRODUCTION How and Why the LAO Conducted This
https://lao.ca.gov/2002/hmos_rural_ca/8-02_hmos_rural_ca.pdf

^[PDF] 2008-09 Budget Overview: Resources Agency Departments

Coastal development permitting—allow Coastal Com- – mission to spend the $2.5 million of regulatory fee/penalty revenues that it collects, to backfi ll BBRs and create an additional $1 million in GF savings.
https://lao.ca.gov/handouts/resources/2008/Budget_Overview_031208.pdf

^[PDF] 2006-07_Budget Overview: Resources and Environmental Protection

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 1995-96 $84 11% $454 58% $34 4% $213 27% $785 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
https://lao.ca.gov/handouts/resources/2006/2006_07_overview_resources.pdf

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

Proposed Delta Stewardship Council Budget Positions Proposed for Delta Stewardship Council Executive 19 Administration 14 Science 12 Planning and accountability 8 External affairs 5 Total 58 10L E G I S L A T I V E A N A L Y S T ’ S O F F I C E March 9, 2010  Financing Plan Necessary.
https://lao.ca.gov/handouts/resources/2010/Funding_and_Implementation_of_the_2009_Delta_Legislation_3910.pdf