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Overview of the Governor's Budget


Overview of the Governor's Budget 1994-95

January 1, 1994 - The 1994-95 Governor's Budget recognizes that the two-year budget plan adopted last June has been undermined by the continuing stubborn state recession. Faced with an $8 billion budget funding gap for 1993-94, the Legislature and Governor adopted a two-year plan to achieve a balanced budget in 1994-95. That plan now is $4.9 billion out of balance based on the state's current revenue and spending trends identified in the 1994-95 Governor's Budget.


Overview of the Governor's Budget 1993-94

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.


Overview of the 1992-93 Governor's Budget

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.


An Overview of the 1991-92 Governor’s 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.


An Overview of the 1990-91 Governor's Budget

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.


The 1989-90 Budget Dilemma: Initial Comments

January 17, 1989 - The 1989-90 Budget Dilemma: Initial Comments