The 2002-03 Governor's Budget offers a plan for addressing the state's $12-plus billion budgetary shortfall. While "on paper" the plan appears to work, many of its assumptions are overly optimistic, it relies largely on one-time solutions, and it results in substantial long- term out-year costs. Moreover, the plan does not resolve the state's budgetary imbalance in subsequent years.
Overview of the 2002-03 May RevisionReport May 16, 2001
Overview of the 2001-02 May RevisionOther May 9, 2001
[PDF] Letter on the General Fund's Projected Condition