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State Budget Condition Publications

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Presentation

Perspectives on California’s Fiscal Challenges

October 11, 2002 - A presentation to the Association of California School Administrators about California's Fiscal Challenges.

Report

California Spending Plan 2002-03: The Budget Act and Related Legislation

September 27, 2002 - In this report, we discuss the factors underlying the major fiscal challenge facing the state in 2002-03, describe the key actions taken to address the shortfall, and provide detail on the adopted budget package.

Report

Supplemental Report of the 2002 Budget Act: 2002-03 Fiscal Year

September 11, 2002 - Statements of intent or requests for studies adopted by the Legislature as a supplement to the 2002 Budget Act.

Report

Major Features of the 2002 California Budget (Not Published in 2002)

July 7, 2002 - We did not publish a Major Features report in 2002. The links above will open instead the California Spending Plan, 2002-03, published in September, 2002, which provides similar information in more detail.

Handout

Budget Package--AB 425 and Related Trailer Bills

July 1, 2002 - Budget Package 2002-03

Handout

The 2002-03 Assembly Budget Bill--AB 1777 (Oropeza)--As Adopted by the Budget Committee

May 30, 2002 - A summary of the Assembly Budget Bill as adopted by the Budget Committee.

Handout

The 2002-03 Senate Budget Bill--SB 1261 (Peace)--As Adopted by the Budget and Fiscal Review Committee

May 29, 2002 - A summary of the Senate Budget Bill as adopted by the Budget and Fiscal Review Committee.

Report

Overview of the 2002-03 May Revision

May 16, 2002 - The Governor's May Revision addresses an enormous increase in the state's budget shortfall through a variety of spending reductions, tax increases, fund transfers, and additional borrowing. Overall, it is a credible plan. At the same time, the proposal contains some risks and even with its adoption, the state would face additional shortfalls in the future.

Report

Using Borrowing to Help Address the Budget Problem

February 20, 2002 - We discuss the Governor's different types of budget balancing borrowing ($4.8 billion) and the factors that should be focused on by the Legislature in evaluating these proposals and other types of borrowing options.

Report

The 2002-03 Budget: Perspectives and Issues

February 20, 2002 - Perspectives on the state's fiscal condition and the budget proposed by the Governor for 2002-03. We find that the state will need to identify and additional $5 billion in budget solutions beyond those proposed by the administration.

Report

State Fiscal Picture 2002-03

February 20, 2002 - Based on our projections of revenues and expenditures, adoption of the Governor's spending policies would result in a year-end deficit of about $4.5 billion in 2002-03. This represents a $5 billion deterioration in the budget condition relative to the administration's estimate, which assumes a $511 million reserve.

Report

Perspectives on the Economy and Demographics 2002-03

February 20, 2002 - The U.S. and California economies are nearly one year into a recession that was initially caused by such factors as sharp declines in spending by businesses on capital goods, and then aggravated by the September 11 terrorist attacks. The downturn has been mild so far in terms of employment, although more severe in terms of income losses. Our forecast is that the recession will conclude in the next couple of months and that a sustained expansion will begin before mid-year. While employment will recoup its losses by the end of 2002, the decline in income related to stock options will be longer lasting. Our outlook is predicated on (1) a rebound in high-tech spending in the second half of the year and (2) the absence of significant terrorism-related disruptions to the national or state economies.

Report

Major Expenditure Proposals in the 2002-03 Budget

February 20, 2002 - We discuss several of the most significant spending proposals in the budget.

Report

An Overview of State Expenditures 2002-03

February 20, 2002 - The Governor's budget proposes total state spending in 2002-03 of $97.9 billion, including spending from both the state's General Fund and its special funds (see Figure 1). Total budget-year spending is slightly less than estimated current-year spending—by $402 million (0.4 percent).

Other

Options for Addressing the State's Fiscal Problems

February 20, 2002 - We estimate that the state will need to identify $5 billion in additional budget solutions beyond those proposed by the administration. This compendium contains more than 100 expenditure reduction/revenue raising options to help the Legislature address this larger shortfall. In better fiscal times we would not necessarily put such options on the table, however we offer them in the context of a need to solve a growing budget shortfall.

State Budget Condition Staff

Ann Hollingshead
(916) 319-8305
State Budget and Federal Funding
 
Carolyn Chu
(916) 319-8326
Chief Deputy Legislative Analyst