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February 1, 1993 - Perspectives on the Economy 1993-94
February 1, 1993 - Perspectives on the Economy and Demographics 1993-94
February 1, 1993 - Perspectives on State Revenues 1993-94
January 6, 1993 - California’s Economy and Budget in Perspective
January 1, 1992 - In order to bring revenues and spending into balance on a permanent basis, the Legislature will need to make significant reductions in spending on major programs, as well as reexamine the coverage and structure of the state's tax system. An early start is needed to lay the groundwork for these difficult decisions. The purpose of this document is to provide the Legislature with a variety of spending and revenue options that can begin this process.
September 1, 1991 - This report summarizes the fiscal effect of the 1991 Budget Act (Ch 118/91-AB 222, Vasconcellos) including the effects of major legislation accompanying the budget which were enacted as part of the overall state spending plan for 1991-92.
February 27, 1991 - (308 pages, 13 MB) As the Legislature faces deliberations on the 1991-92 budget, the combination of underlying structural imbalances and a downturn in the California economy has resulted in an estimated two-year budget funding gap of almost $10 billion. The Governor's Budget seeks to address the budget problem through a combination of proposals to reduce existing state services and increase revenues, and contains a number of "prevention" proposals aimed at reducing the cost of existing services in future years. However, the Governor's budget does not fully address the funding gap and also raises concerns regarding its impacts on health and welfare program users, schools, and other affected groups. Ultimately, the Legislature must craft a plan that balances the need for state services with the need to address the state's underlying structural budget problem.
February 1, 1991 - Strategies for Addressing The State's Budgetary Imbalance
February 1, 1991 - California's Economic and Demographic Environment
June 6, 1990 - This document provides a review of 14 revenue options that could be put into effect for the 1990-91 fiscal year. It was prepared at the request of the Senate Budget and Fiscal Review Committee, in order to assist the Committee's review of its fiscal choices for the 1990-91 Budget.
February 1, 1990 - (360 pages, 16MB) The 1990-91 Governor's Budget reflects two main constraints: first, the state's economy is expected to grow at a moderate pace, limiting the resources available to fund state spending requirements, and second, past state policy dictates the allocation of available resources. The administration’s budget offers as a starting point a set of policy choices that only partially accepts these dual constraints. While the budget recognizes the need to restrain state expenditure growth to the level of available resources, it proposes changes in existing policies as to how those resources are 'allocated. In part, this reflects the administration's preferences as to how the state's money should be spent. Over the next four months, the Legislature and the administration will attempt to reconcile their preferences in developing a state budget for 1990-91. However, changes in the economy and in the state's past policy choices also may influence the budget that is ultimately signed into law. Here we review the state's fiscal condition, the major areas where de-mand for state services is outstripping its ability to provide them, and the extent to which the state's existing revenue base is capable of supporting the delivery of existing and additional state services. Finally, we provide a brief examination of the strategies proposed in the Governor's Budget for resolving the state's fiscal dilemma.
February 22, 1989 - In beginning its work on the state budget for 1989-90, the Legislature faces the most adverse set of fiscal circumstances it has faced since the recession of 1981-82. The state’s budget reserve has been completely depleted, and a deficit in the current-year's budget appears likely. At current levels of service, expenditure requirements for 1989-90 will exceed projected revenue growth by at least $500 million, and the full restoration of the state's reserve fund would require another $1.1 billion. This fiscal situation has come about despite the continued strength of the California economy. The state government faces a number of challenges. Here, we review the challenges facing the Legislature and the state; review the state's fiscal condition, the major areas where demand for state ser-vices is outstripping its ability to provide them, and the extent to which the state's exist-ing revenue base is capable of supporting the delivery of existing and additional state services; and provide an examination of the strategies proposed.
February 1, 1989 - Accommodating California's Growth
February 1, 1989 - How Reliable Is the Economic Forecast?
December 1, 1988 - The purpose of this report is to provide information which will assist the Legislature in reviewing the state's tax expenditure budget, including making decisions regarding which individual TEPs should be retained, renewed, modified, or eliminated.