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October 1, 1994 - As part ofthe 1994-95 budget package, the state put into place a so-called trigger mechanism. This mechanism was viewed as being necessary to ensure repayment of money borrowed from investors to finance the budget plan.
May 1, 1994 - April Revenues Weaker Than Forecast
April 1, 1994 - California Update: The Fiscal Impact of Tuberculosis in California
March 1, 1994 - California Update: California’s Cash Crunch
February 23, 1994 - Much of the blame for the state's continuing budget shortfalls over the past three years can be placed on the dismal performance of the California economy. The substantial population increases of recent years have maintained constant upward pressure on demands for state services. At the same time, declining employment levels, lower real per capita incomes, and falling property values have limited the ability of the state's major revenue sources to meet these demands. Despite substantial gains in the national economy over the past year, economic activity in most regions of California continues to decline or stagnate.
February 23, 1994 - General Fund revenues are expected to support 73 percent of the proposed $55.6 billion total 1994-95 spending plan. This is a decline from the 78 percent share these revenues represented in fiscal year 1992-93, in part due to the continuing slow growth of General Fund revenues relative to special fund revenues, but primarily because of past and proposed shifts of revenues from the General Fund to special fund accounts.
December 1, 1993 - California Update: Federal Awards for California’s Defense Conversion
November 1, 1993 - California Update: Superior Court Invalidates Proposition 98 Funding Shifts
October 1, 1993 - California Update: Per Pupil Funding Under Proposition 98: What Do the Coming Years Hold?
August 1, 1993 - Federal Budget Plan—California Impacts
July 1, 1993 - 1993-94 Budget Enacted; Economic and Revenue Developments
June 1, 1993 - In this brief, we review the existing authority of counties to raise the local sales tax, and the viability of this proposed method for offsetting the county revenue losses associated with the proposed property tax shift. As we concluded in our May Revision analysis, the proposals to offset county property tax revenue losses fall short. The revenue likely to be generated from additional local sales taxes—if these taxes are put on the ballot, passed by the voters, and survive likely legal challenges—would offset less than 20 percent of counties’ revenue loss, on average, in 1993-94.
June 1, 1993 - Legislature Passes 1993-94 Budget
February 1, 1993 - Perspectives on the Economy 1993-94
February 1, 1993 - Perspectives on the Economy and Demographics 1993-94