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24 Publications Found
July 5, 2011 - We will not publish a Major Features report in 2011. Instead, in early August we will release The 2011-12 California Spending Plan, which will provide similar information, but in much more detail. Until then the link below points to a 7 page July 1, 2011 handout titled Summary Tables 2011-12 Budget Package.
July 29, 2009 - On July 24, 2009, the Legislature passed amendments to the 2009-10 Budget Bill, along with implementing legislation. On July 28, 2009, the Governor signed the budget package, while vetoing $489 million in General Fund appropriations. The budget package projects $89.5 billion of revenues and transfers to the General Fund, and authorizes total General Fund spending of $84.6 billion. The plan leaves the General Fund with an estimated reserve of $500 million at the end of the 2009-10 fiscal year. This publication summarizes the actions taken by the Legislature and Governor.
November 1, 2008 - We did not publish a Major Features report in 2008. The links above will open instead the California Spending Plan 2008-09: The Budget Act and Related Legislation, published in November, 2008, which provides similar information in more detail.
August 31, 2007 - On August 21, 2007, the Legislature passed the 2007-08 Budget Bill, along with implementing legislation. The Governor signed the budget on August 24, after using his line item veto authority to reduce General Fund appropriations by $703 million. The budget package authorizes total General Fund spending of $102.3 billion, essentially the same as revenues. Based on the 2007-08 budget plan’s policies, however, the state would once again face operating shortfalls of more than $5 billion in both 2008-09 and 2009-10. This is because many of the solutions enacted in the budget plan are of a one-time nature.
July 7, 2006 - On June 27, 2006, the Legislature passed the 2006-07 Budget Bill along with implementing legislation which authorizes total spending of $127.9 billion, of which $101.3 billion is from the General Fund and $26.6 billion is from special funds. The 2006-07 budget reflects a sharply improving fiscal picture, brought about by continued stronger-than-expected growth in General Fund revenues. Spending under the plan increases by over 9 percent between 2005-06 and 2006-07, reflecting significant program augmentations, budgetary debt prepayments, and rising caseloads and costs in state programs. Based on our current projections of revenues and expenditures under the 2006-07 Budget Act policies, the state would continue to face operating shortfalls in the range of $4.5 billion to $5 billion in 2007-08 and 2008-09.
July 26, 2005 - The 2005-06 budget reflects an improving state fiscal picture brought about by better-than-expected growth in General Fund revenues. The new spending plan funds the Proposition 42 transfer to transportation, and includes significant increases in both K-12 and higher education. The new budget does not use any of the remaining $3.7 billion in deficit-financing bonds authorized by Proposition 57 in March 2004, and it prepays a $1.2 billion loan due to local governments in 2006-07. The spending plan includes roughly $6 billion in savings and related budget solutions in order to maintain budgetary balance. The savings included in the 2005-06 budget will address part of the state's ongoing structural budget shortfalls. However, even if all of the savings in the plan are fully achieved, we believe that current-law expenditures will exceed projected revenues by around $6.1 billion in 2006-07.
July 7, 2004 - We did not publish a Major Features report in 2004. The links above will open instead the California Spending Plan, 2004-05, published in September, 2004, which provides similar information in more detail.
August 1, 2003 - The budget package, as passed by the Legislature, authorizes total spending of $98.9 billion. Of this amount, $70.8 billion is from the General Fund, $20.5 billion is from special funds, and $7.5 billion from bond funds. It addresses an enormous General Fund shortfall through a combination of program savings, borrowing, new revenues, funding shifts, and deferrals.
July 7, 2002 - We did not publish a Major Features report in 2002. The links above will open instead the California Spending Plan, 2002-03, published in September, 2002, which provides similar information in more detail.
June 22, 1999 - We summarize major features of the 1999-00 Budget Bill, passed by Legislature on June 16, 1999. This report does not reflect any actions by the Governor on the budget package (such as line-item vetoes or vetoes of trailer bills). We will summarize final actions on the budget in a later report.
August 24, 1998 - On August 21, 1998, the Governor signed the 1998-99 Budget Act, which along with various implementing measures (trailer bills), comprise a budget package that authorizes total state spending of $72 billion. This total includes $57.3 billion from the General Fund (a 7.3 percent increase from 1997-98) and $14.7 billion from special funds (a 1.7 percent increase).