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June 26, 2001 - A summary of the Budget Bill as adopted by the Conference Committee.
June 3, 2001 - Handout presented to the 2001-02 Conference Committee on the Budget. Compares key features of the budgets adopted by the two houses and outlines key considerations for the committee.
May 25, 2001 - A summary of the Assembly Budget Bill as adopted by the Budget Committee.
May 16, 2001 - The May Revision reports a $5.7 billion deterioration in the state's fiscal condition. This assumes that the General Fund will be reimbursed from revenue bonds for the $7 billion plus it has committed for purchasing electricity. While the Governor's plan would result in a balanced budget in 2001-02, we estimate that the state would likely face a further shortfall of roughly $4 billion in 2002-03.
May 9, 2001 - We estimate that General Fund revenues will be $3.4 billion less than estimated by the Governor for the current and budget years combined. In addition, we discuss the amount of one-time and ongoing spending reductions that would be needed to keep the budget in balance and the fiscal implications of funding Proposition 98 under our updated estimates.
February 26, 2001 - Graphical slide presentation providing an overview of our Analysis of the 2001-02 Budget Bill.
February 21, 2001 - Our annual detailed examination of the Budget Bill based on the Governor's Budget. It includes over 400 findings and recommendations related to education, health and social services, criminal justice, transportation, resources, capital outlay, information technology, and local government.
February 21, 2001 - Our "bottom line" budget estimates are similar to the administration's. Due to uncertainty related to the state's electricity crisis and to the very unsettled national and state economic environment the Legislature should withhold consideration of the Governor's $2.3 billion of one-time proposals outside of the energy area until May.
January 12, 2001 - The Governor released his proposed state budget on January 10th. The budget assumes $2.3 billion less in resources than the $10.3 billion in uncommitted funds we reported in November, primarily reflecting the recent slowing in the national economy. The budget proposal allocates the remaining $8 billion in uncommitted resources to finance increased spending ($5.5 billion, including major new initiatives in the areas of education and energy), cut taxes ($0.1 billion), and provide for a budgetary reserve ($2.4 billion).