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November 23, 2011 - Presented to Legislative Staff
November 17, 2011 - Presented to CASBO
November 16, 2011 - We forecast that General Fund revenues and transfers in 2011-12 will be $3.7 billion below the level assumed in the June budget package. Such a shortfall could result in $2 billion of “trigger cuts” to various programs—including all of the “Tier 1” trigger cuts and three-fourths of the “Tier 2” cuts. (The Director of Finance will determine the actual amount of such cuts next month.) In 2011-12, we project that the state will have a $3 billion deficit, including the effects of these trigger cuts. In 2012-13, the state will face higher costs due to expiration of a number of temporary budget measures, an increase in Proposition 98 school costs under current law, the repayment of its Proposition 1A property tax loan, and other factors. We project a $10 billion operating shortfall (the difference between annual revenues and expenditures) in 2012-13. The $3 billion “carry-in” deficit from 2011-12 and the projected $10 billion operating shortfall mean that the Legislature and the Governor will need to address a $13 billion budget problem between now and the time that the state adopts a 2012-13 budget plan.
August 17, 2011 - Presented to Select Committee on State School Financial Takeovers
May 26, 2011 - Presented to Senate Budget and Fiscal Review Subcommittee No. 1 on Education
May 26, 2011 - Presented to Senate Budget and Fiscal Review Subcommittee No. 1 on Education
May 26, 2011 - Presented to Senate Budget and Fiscal Review Subcommittee No. 1 on Education
May 25, 2011 - Presented to Assembly Budget Subcommittee No. 2 on Education Finance
May 25, 2011 - Presented to Senate Budget and Fiscal Review Subcommittee No. 1 on Education Finance
May 25, 2011 - Presented to Assembly Budget Subcommittee No. 1 on Health and Human Services and Assembly Budget Subcommittee No. 2 on Education Finance
May 24, 2011 - Presented to Senate Budget and Fiscal Review Subcommittee No. 1 on Education Finance
May 23, 2011 - Presented to Assembly Budget Subcommittee No. 2 on Education Finance
May 23, 2011 - Presented to Assembly Budget Subcommittee No. 2 on Education Finance
May 23, 2011 - Presented to Assembly Budget Subcommittee No. 2 on Education Finance and Assembly Budget Subcommittee No. 1 on Health and Human Services
May 23, 2011 - Presented to Assembly Budget Subcommittee No. 2 on Education Finance