P&I in Adobe Acrobat (PDF) Format

Perspectives and Issues Outline

Part I: State’s Fiscal Picture

Part II: Perspectives on the Economy and Demographics Summary

Part III: Perspectives on State Revenues

Part IV: Perspectives on State Expenditures

Part V: Alternative Budget Approach

- Overview of LAO’s Alternative Budget Approach
- LAO Revenue–Raising Proposals
- Parole Realignment and the 2008–09 Budget
- Alternatives to the Governor’s Budgetary Reforms
- Expenditure Details of the LAO Alternative Budget