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24 Publications Found
August 4, 1995 - Major features of the 1995 California budget.
July 1, 1993 - On June 30, Governor Wilson signed the 1993 Budget Act and various companion measures that, together, comprise the 1993-94 budget package. These measures authorize total state spending of $52.1 billion, consisting of $38.5 billion from the General Fund, $12.1 billion from special funds, and $1.5 billion from bond funds. Compared with 1992-93, total state spending will decrease by $5.5 billion, or 9.6 percent. General Fund spending declines by $2.6 billion and spending from bond funds declines by $3.2 billion, while special fund spending increases slightly by $220 million. A major feature of the budget package is the adoption of the Governor’s proposal to shift $2.6 billion of property tax revenues from local governments to schools. This shift reduces the state’s education funding requirement under Proposition 98 by an equivalent amount.
September 8, 1992 - On September 2, 1992, Governor Wilson signed into law the 1992 Budget Act and related legislation. The $57.4 billion budget package ended a period of more than two months during which the state government operated without a budget. In addition to the Budget Act itself, the budget package includes 23 other measures that make the law changes necessary to achieve budgeted savings. This implementing legislation makes a wide variety of significant changes that affect most of the state’s major programs as well as state assistance to schools and local governments. This report is part of a series that highlights the impacts of the budget package.
August 1, 1988 - This report summarizes the fiscal effect of the 1988 Budget Act (Chapter 313 - AB 224). In addition, it highlights the funding levels approved for the state's major programs in 1988-89, and compares these funding levels to those authorized in prior years. This report also discusses projected state revenues for 1988-89, including the key assumptions underlying the projections and revisions that have been made to them since the Governor's Budget was introduced in January. Finally, this report indicates how the 1988-89 Budget Act affects the state's position relative to its appropriations limit under Article XIII B of the State Constitution.
August 1, 1987 - This report summarizes the fiscal effect of the 1987 Budget Act (SB 152). In addition, it highlights the funding levels approved for the state's major programs in 1987-88, and compares these funding levels to those authorized in prior years. This report also discusses estimated state revenues for 1987-88, and the sensitivity of these estimates to varying assumptions about the effects of federal tax reform on General Fund revenues. Finally, this report indicates how the 1987-88 Budget Act affects the state's position relative to its appropriations limit underArticle XIII B of the State Constitution.
July 1, 1986 - This report summarizes the fiscal effect of the 1986 Budget Act (AS 3217). In addition, it highlights the funding levels approved for the state's major programs in 1986-87, as well as the overall effect of the budget on the size of the state's workforce.
July 1, 1985 - This report summarizes the fiscal effect of the 1985 Budget Act (SB 150). In addition, it considers the effects on the General Fund ofcertain other major pieces of legislation enacted during late June.