Legislative Analyst's Office, November 1995

California's Fiscal Outlook

The LAO's Economic and Budget Projections
1995-96 Through 1997-98

TABLE OF CONTENTS

• Foreword

• Chapter 1 -- The Budget Outlook

  • Overview

  • Key Features of Outlook

  • Implications of our Outlook

• Chapter 2 -- Economic and Demographic Projections

  • The Economic Outlook

  • the Demographic Outlook

• Chapter 3 -- Revenue Projections

  • Forecast Overview

  • Major Revenue Sources

  • Alternative Scenarios

• Chapter 4 (Part I) -- Expenditure Projections

  • Methodology and Assumptions

  • Projections of Total Spending

  • Spending by Program Area

  • Health and Welfare

• Chapter 4 (Part II) -- Expenditure Projections

  • Education

  • Higher Education

  • Judiciary and Criminal Justice

  • Other Programs

• Chapter 5 -- Alternative Budget Scenarios

  • A Slower Economy

  • Federal Health and Welfare Reform

  • Pending Litigation

  • Other Factors