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Overview of the Governor's Budget Clear Filters
January 1, 1993 - As has been the case in each of the past four years, the 1993-94 Governor’s Budget recognizes a substantial decline in the state’s fiscal fortunes. The continuing state recession has once again undermined the state’s current-year spending plan, and will force the Legislature and the Administration into more painful choices as they struggle to balance the budget for the 1993-94 fiscal year. Even without attempting to provide for a prudent reserve, this task will require spending cuts or revenue increases conservatively estimated at $8.6 billion over the next 18 months. Given the magnitude of actions already taken in recent years, resolving this year’s fiscal crisis requires a fundamental rethinking of governmental responsibilities in California.
January 1, 1992 - This policy brief summarizes the current fiscal outlook and the major proposals in the Governor's budget plan. It provides an assessment of that plan and describes additional steps that need to be taken to arrive at a fiscally sound 1992-93 budget.
January 23, 1991 - Underlying structural budget problems and the onset of a national recession have combined to pose extremely difficult challenges for the 1991-92 state budget. The budget plan for the current year, adopted last summer, is now expected to leave the state with a large deficit on June 30, 1991. In addition, projected revenues for 1991- 92 will fall far short of the level needed to both maintain current levels of services and restore the state’s reserve fund.
January 1, 1990 - In order to provide the Legislature with a perspecive on the state's budget dilemma for 1990-91, we have prepared this brief overview.
January 17, 1989 - The 1989-90 Budget Dilemma: Initial Comments