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.
The 2017-18 Budget: Overview of the Governor's May Revision Medi-Cal Budget ProposalLetter Jun 12, 2012
[PDF] Letter to Senator Huff on Updated Underlying General Fund Expenditure Trends as of February 2012Report Feb 16, 1999
[PDF] State Fiscal Condition/State Finances 1999-00