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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.
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.
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.
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.
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.
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.
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.)
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.
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.
November 1, 1992 - The 1992-93 budget situation presented the Legislature and the Governor with a second consecutive year of massive budget funding gaps due to the ongoing economic problems in California and the nation. Last year, the Legislature resolved a 1991-92 budget funding gap of $14.3 billion through the enactment of $7.2 billion of tax increases, $3.4 billion of spending reductions, and $3.7 billion in other actions. At that time, both the Legislature and the administration anticipated that their actions would balance the state’s spending needs with its expected revenues not only in 1991-92, but for 1992-93 as well. That expectation, however, assumed that California’s economy would resume its growth in mid-1991. Instead, the recession continued to drag down state revenues while simultaneously boosting spending needs for various programs.
September 1, 1991 - This report summarizes the fiscal effect of the 1991 Budget Act (Ch 118/91-AB 222, Vasconcellos) including the effects of major legislation accompanying the budget which were enacted as part of the overall state spending plan for 1991-92.