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

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

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

^[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

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - California has seen higher 12-month growth rates before: price growth topped out at 25.2 percent in 2004 and 23.7 percent in 2013. In contrast, the nation ’s highest previous growth rate since 1996 (the first year in Zillow ’s database) was 11.9 percent in 2005.
https://lao.ca.gov/LAOEconTax/Article/Detail/714

Home Prices Update: September 2021 [EconTax Blog]

Oct 20, 2021 - California has seen higher 12-month growth rates before: price growth topped out at 25.2 percent in 2004 and 23.7 percent i n 2013. In contrast, the nation ’s highest previous growth rate since 1996 (the first year in Zillow ’s database) was 11.9 percent in 2005.
https://lao.ca.gov/LAOEconTax/Article/Detail/706

^[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

^[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