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California Spending Plan 2007-08: The Budget Act and Related Legislation

October 15, 2007 - The state spending plan for 2007–08 includes total budget expenditures of $131.5 billion. This includes $102.3 billion from the General Fund and $29.2 billion from special funds, an increase of 4.3 percent from 2006–07. The state also expects to spend $14 billion in bond funds for infrastructure during the fiscal year. The enacted budget, with the Governor’s vetoes, assumed that the state would spend no more than it received in 2007–08 and end the year with a $4.1 billion reserve. Many of the budget solutions are of a one–time nature. Based on the 2007–08 budget plan’s policies, therefore, the state would once again face operating shortfalls of more than $5 billion in both 2008–09 and 2009–10.

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California Spending Plan 2006-07: The Budget Act and Related Legislation

September 26, 2006 - The state spending plan for 2006-07 includes total budget expenditures of $128.4 billion, sharply increasing funding for education, providing targeted increases in several other program areas, and prepaying nearly $3 billion in budgetary debt. The expanded commitments included in this spending plan are in striking contrast to the four previous years, when policymakers were faced with closing major budget shortfalls. Despite much stronger-than-expected revenues, 2006-07 expenditures exceed revenues, with the difference being covered by the drawdown of carryover reserves available from 2005-06. Based on our out-year estimates of revenues and expenditures, we estimate that this imbalance will continue in 2007-08 and 2008-09 absent corrective action, with annual operating shortfalls in the range of $4.5 billion and $5 billion projected for this period.

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California Spending Plan 2005-06: The Budget Act and Related Legislation

September 23, 2005 - 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.

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California Spending Plan 2004-05: The Budget Act and Related Legislation

September 22, 2004 - The state spending plan for 2004-05 includes total expenditures from all funds of $105.4 billion. This total includes budgetary spending of $102.4 billion, reflecting $78.7 billion from the General Fund and $23.7 billion from special funds. In addition, spending from selected bond funds totals $3 billion. The 2004-05 budget includes significant ongoing savings and it makes some progress toward resolving the state's ongoing structural budget shortfall. Nevertheless, like the two prior budgets, the current spending plan (1) contains a significant number of one-time or limited-term solutions and (2) obligates additional spending in future years. The combination of these factors suggests that state will continue to face out-year budget shortfalls, absent corrective action.

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California Spending Plan 2003-04: The Budget Act and Related Legislation

October 23, 2003 - The Legislature was faced with addressing an enormous two-year General Fund budget shortfall in developing the state's spending plan for 2003-04. We discuss the factors underlying this shortfall, describe the key actions taken to address it, and provide detail on the adopted budget package.

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California Spending Plan 2002-03: The Budget Act and Related Legislation

September 27, 2002 - In this report, we discuss the factors underlying the major fiscal challenge facing the state in 2002-03, describe the key actions taken to address the shortfall, and provide detail on the adopted budget package.

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California Spending Plan 2001-02: The Budget Act and Related Legislation

September 24, 2001 - The 2001-02 Budget Act was signed into law by Governor Davis on July 26, 2001. Together with its related implementing legislation, the budget authorizes total spending from all funds of $103.3 billion. This report details the contents of this measure.

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California Spending Plan 2000-01: The Budget Act and Related Legislation

September 6, 2000 - The 2000-01 Budget Act was signed into law by Governor Davis on June 30, 2000. Together with related implementing legislation, the budget authorizes total spending from all funds of $99.4 billion. This report details the contents of this measure.

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The 1999-00 Budget Act and Related Legislation

August 16, 1999 - On June 28, 1999, Governor Davis signed the 1999-00 Budget Act which, together with related implementing legislation (trailer bills), authorizes total state spending of $79.8 billion. This report details the contents of this measure. (53 pp.)

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The 1998-99 Budget Act and Related Legislation

October 28, 1998 - The 1998-99 budget, signed into law by Governor Wilson on August 18, 1998, authorizes total state spending of $72 billion, including $57.3 billion from the General Fund and $14.7 billion from special funds.

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The 1997-98 Budget Act and Related Legislation

October 8, 1997 - The 1997-98 budget, signed into law by Governor Wilson on August 18, 1997, authorizes total state spending of $67.2 billion, including $52.8 billion from the General Fund and $14.4 billion from special funds.

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The 1996-97 Budget Act and Related Legislation

October 7, 1996 - The 1996-97 Budget Act and Related Legislation

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The 1995-96 Budget Act and Related Legislation

September 1, 1995 - The 1995-96 Budget Act and Related Legislation

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The 1994-95 Budget Act and Related Legislation

August 1, 1994 - This report summarizes the fiscal effect of the 1994 Budget Act (Ch 139/94, SB 2120), and the effects of major legislation that was enacted as part of the overall state spending plan for 1994-95.

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The 1993-94 Budget Act and Related Legislation

September 1, 1993 - This report summarizes the fiscal effect of the 1993 Budget Act (Ch 55/93, SB 80), including the effects of major legislation that was enacted as part of the overall state spending plan for 1993-94. Our review indicates that the recently enacted two-year budget plan is now out of balance due to a variety of budget adjustments. These adjustments, reflecting actions or decisions that already have occurred, increase spending over the two years by a total of $660 million, which results in a 1994-95 ending deficit of $560 million in the General Fund, absent corrective action, rather than the $100 million reserve that was projected by the Administration when the budget was adopted.