California's Fiscal Outlook: The 2010-11 Budget [Publication Details]

Nov 18, 2009 - Addressing this large shortfall will require painful choices—on top of the difficult choices the Legislature made earlier this year. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/2143

Economic and Revenue Developments [Publication Details]

Apr 1, 1997 - However, nearly one-third of 1996-97 revenues come in during the last three months of the fiscal year, and the current-year revenue picture will be highly dependent on developments over the next several weeks.
https://lao.ca.gov/Publications/Detail/2760

Addressing the State's Fiscal Problem [Publication Details]

Dec 19, 2001 - Due to weak economic and revenue performance, California faces a $12.4 billion budget shortfall in 2002-03. We identify several key budget-balancing principles and strategies and identify specific spending and revenue options for implementing these strategies.
https://lao.ca.gov/Publications/Detail/815

The 1984-85 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1984 - In terms of real purchasing power, the level of General Fund revenues projected for 1984-85 is 4.0 percent higher than the level of revenues estimated for the current year. Here we provide a brief overview of the state's fiscal condition during the current and budget years, estimate what it would cost to maintain the existing level of services provided by the
https://lao.ca.gov/Publications/Detail/2051

The 1985-86 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1985 - In terms of purchasing power, the level of General Fund revenues projected for 1985-86 is 1.3 percent higher than the level of revenues estimated for the current year. Because a substantial portion of these revenues will not have to be used to replenish the reserve, as was necessary in the current year, expenditures can grow by even more—almost 3.9 percent.
https://lao.ca.gov/Publications/Detail/2050

The 1983-84 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1983 - Estimated expenditures in 1982-83 are $1.5 billion greater than estimated resources available in the current year. Thus, unless actions are taken by the Legislature prior to June 30, 1983, or the economy (and hence revenues) performs better than anticipated, the state will end 1983 with a deficit of approximately $1.6 billion.
https://lao.ca.gov/Publications/Detail/2052

The 1986-87 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1986 - While the level of General Fund revenues is 4.1 percent higher than the level estimated for the current year, the level of General Fund expenditures proposed in the budget is only 1.1 percent higher than the level estimated for the current year.
https://lao.ca.gov/Publications/Detail/2049

Perspectives on State Revenues 2004-05 [Publication Details]

Feb 18, 2004 - 2003-04 Forecast: We forecast that General Fund revenues and transfers will total $74.1 billion in the current year, a $2.8 billion (3.9 percent) increase from 2002-03. This is down $491 million from the budget forecast, of which $477 million is related to our lower estimate of personal income tax (PIT) revenues. 2004-05 Forecast: We forecast that revenues and transfers will total $75.
https://lao.ca.gov/Publications/Detail/1089

Perspectives on the Economy 1994-95 [Publication Details]

Feb 23, 1994 - Much of the blame for the state's continuing budget shortfalls over the past three years can be placed on the dismal performance of the California economy. The substantial population increases of recent years have maintained constant upward pressure on demands for state services.
https://lao.ca.gov/Publications/Detail/206

Perspectives on State Revenues 2002-03 [Publication Details]

Feb 20, 2002 - The state is facing a major budget shortfall caused largely by an unprecedented decline in tax receipts. Specifically, General Fund revenues are projected to fall by over 14 percent in 2001-02, just two years after the state experienced a more than 23 percent increase. In addition, basic revenue volatility has increased in recent years, giving the revenue forecast greater uncertainty.
https://lao.ca.gov/Publications/Detail/832