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

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] 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

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

^[PDF] 2006-07 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_03_22_06.pdf

^[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

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] 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

In addition, the BDCP liaison contract with a major stakeholder of the BDCP process raises concerns whether such a contract could com- promise the council’s ability to conduct its work objectively.  Put Hold on Two-Gates Project.
https://lao.ca.gov/handouts/resources/2010/Funding_and_Implementation_of_the_2009_Delta_Legislation_3910.pdf