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California's Fiscal Forecast |
Table of Contents
Foreword
Legislative Analyst's Office Staff
Chapter 1: The Budget Outlook
Chapter 2: Economic and Demographic Projections
Chapter 3: Revenue Projections
Chapter 4: Expenditure Projections
Chapter 5: Long-Term Considerations
Foreword
This report provides our projections of the General Fund condition for 1997-98 through 1999-00. It includes our independent assessment of the outlook for the economy, demographics, revenues, and expenditures. It is designed to assist the Legislature with its fiscal planning.Chapter 1 contains our principal findings and conclusions. Chapter 2 presents our economic and demographic projections, Chapter 3 our revenue forecasts, and Chapter 4 our expenditure projections. Chapter 5 discusses long-term considerations relating to the state's fiscal outlook. Among others, these include economic, demographic, and revenue developments, as well as caseloads and other factors affecting state spending levels.
Our fiscal projections reflect current-law spending requirements and tax provisions. They are not predictions of future policy decisions by the Legislature, nor are they our recommendations as to what spending and revenue levels should be. The report is part of an ongoing series and is updated periodically.