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State Budget Condition Publications

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Report

Proposition 76: Key Issues and Fiscal Effects

September 30, 2005 - Proposition 76 on the November Special Statewide Election ballot is a complex measure that would have far-reaching effects on the state budget. In this report, we describe the measure’s key provisions and provide answers to some of the questions that have been raised about its potential impacts on state and local governments. The report has been prepared to facilitate testimony at a legislative joint overview hearing on the measure.

Report

California Spending Plan 2005-06: The Budget Act and Related Legislation

September 23, 2005 - The 2005-06 budget package contains almost $6 billion in solutions, eliminating a shortfall, prepaying some debt, and establishing a $1.33 billion year-end reserve. Despite these actions, the state still takes large operating deficits in 2006-07 and beyond, absent additional actions. This report summarizes legislative action on the 2005-06 budget, including expenditure highlights by program area.

Report

Major Features of the 2005 California Budget

July 26, 2005 - The 2005-06 budget reflects an improving state fiscal picture brought about by better-than-expected growth in General Fund revenues. The new spending plan funds the Proposition 42 transfer to transportation, and includes significant increases in both K-12 and higher education. The new budget does not use any of the remaining $3.7 billion in deficit-financing bonds authorized by Proposition 57 in March 2004, and it prepays a $1.2 billion loan due to local governments in 2006-07. The spending plan includes roughly $6 billion in savings and related budget solutions in order to maintain budgetary balance. The savings included in the 2005-06 budget will address part of the state's ongoing structural budget shortfalls. However, even if all of the savings in the plan are fully achieved, we believe that current-law expenditures will exceed projected revenues by around $6.1 billion in 2006-07.

Report

Supplemental Report of the 2005 Budget Act: 2005-06 Fiscal Year

July 18, 2005 - Statements of intent for requests for studies adopted by the Legislature as a supplement to the 2005 Budget Act.

Handout

The 2005-06 Budget Bill, SB 77, As Adopted by the Conference Committee on the Budget

June 15, 2005 - Summary of the 2005-06 Budget Bill (SB 77), as adopted by the Conference Committee on the Budget.

Report

Overview of the 2005-06 May Revision

May 16, 2005 - The May Revision proposes to use about $4 billion in new funds generated from an improved revenue outlook to reduce budgetary debt and restore the Proposition 42 transfer to transportation. We believe the administration’s general approach of using the resources for debt reduction and one-time purposes is sensible in light of the state’s structural budget shortfall. We strongly urge the Legislature to aim at ongoing solutions which are of the same magnitude as the administration’s proposal.

Other

Eighth Annual Budget Analysis Quiz

April 14, 2005 - The annual quiz that tests your knowledge of our 1400 page Analysis of the Budget Bill and Perspectives and Issues!

Handout

Handout: Presentation Accompanying the Analysis of the 2005-06 Budget Bill

February 24, 2005 - This handout consists of charts used at the press conference for the presentation of the 2005-06 Analysis.

Report

Highlights of the 2005-06 Analysis

February 24, 2005 - Highlights of our examination of the 2005-06 Governor's Budget.

Report

Analysis of the 2005-06 Budget Bill

February 24, 2005 - Our annual detailed examination of the Budget Bill based on the Governor's Budget. It includes hundreds of findings and recommendations related to education, health and social services, criminal justice, transportation, resources, capital outlay, information technology, and local government.

Handout

Handout: Presentation of the 2005-06 Perspectives and Issues

February 23, 2005 - This handout consists of charts used at the press conference for the presentation of the 2005-06 Perspectives and Issues.

Report

Highlights of the 2005-06 Perspectives and Issues

February 22, 2005 - This document summarizes the major findings in the 2005-06 Perspectives and Issues.

Report

An Overview of State Expenditures 2005-06

February 22, 2005 - The budget proposes total state expenditures of $109 billion in 2005-06. This includes $85.7 billion from the General Fund (up 4.2 percent from the current year) and $23.3 billion from special funds (up 5.3 percent from the current year). The overall General Fund spending growth rate reflects (1) changes in caseloads and utilization for major programs; (2) the impacts of the Governor's savings proposals; and (3) the impacts of numerous other special factors, such as one-time savings in the 2004-05 budget. The proposal includes about $3.5 billion in new budgetary borrowing related primarily to deficit-financing bonds, a judgment bond, and Proposition 42 suspension. This brings the total amount of budgetary borrowing outstanding to about $29 billion as of the end of 2005-06.

Report

Major Expenditure Proposals in the 2005-06 Budget

February 22, 2005 - We discuss several of the most significant spending proposals in the budget.

Report

Perspectives on the Economy and Demographics 2005-06

February 22, 2005 - The California economy is expanding at a healthy pace in early 2005, as evidenced by real estate construction, exports, company reports of sales and profits, and business-related tax receipts. The one area of concern remains jobs, which are lagging due to intense focus on cost cutting and efficiencies. We project the California economic expansion to continue at a moderate pace, with personal income expanding by roughly 5.6 percent and jobs growing 1.5 percent annually during the next two years.

State Budget Condition Staff

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