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.
Major Features of the 2005 California BudgetHandout Jun 15, 2005
[PDF] The 2005-06 Budget Bill, SB 77, As Adopted by the Conference Committee on the BudgetReport Feb 22, 2005
Highlights of the 2005-06 Perspectives and Issues