Revenue Volatility In California [Publication Details]

Jan 20, 2005 - Revenue Volatility In California [Publication Details] HTML Description: Following the boom-bust revenue cycle in recent years, concerns have developed about volatility in California's General Fund revenues.
https://lao.ca.gov/Publications/Detail/1213

State Fiscal Picture 2005-06 [Publication Details]

Feb 22, 2005 - We project that revenues are $2.2 billion higher (for the current and budget years combined) than reflected in the Governor's budget. This, combined with the magnitude of ongoing solutions proposed in the budget plan, would result in a balanced 2005-06 budget with a solid reserve.
https://lao.ca.gov/Publications/Detail/1231

California's Fiscal Outlook: LAO Projections, 2005-06 Through 2010-11 [Publication Details]

Nov 16, 2005 - The state's budget outlook for 2006-07 and beyond has improved considerably as a result of a major increase in revenues and significant savings adopted in the 2005-06 budget plan. The state, however, still faces major operating deficits in the next several years.
https://lao.ca.gov/Publications/Detail/1345

The Governor’s Tax Proposal [Publication Details]

Feb 21, 2007 - The budget contains two tax-change proposals. The first is to permanently repeal the existing teacher retention tax credit, which was adopted in 2000 but was temporarily suspended in four of the past six years.
https://lao.ca.gov/Publications/Detail/1612

Abusive Tax Shelters: Impact of Recent California Legislation [Publication Details]

Jan 27, 2006 - Abusive Tax Shelters: Impact of Recent California Legislation [Publication Details] Abusive Tax Shelters: Impact of Recent California Legislation Format: HTML Description: In recent years, the prevalence of illegal or “abusive” tax shelters (ATS) has increased dramatically.
https://lao.ca.gov/Publications/Detail/1373

State Fiscal Picture 2004-05 [Publication Details]

Feb 18, 2004 - We further project that an ongoing General Fund structural deficit of close to $7 billion would exist beyond the budget year, absent corrective action. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/1091

Perspectives on State Revenues 2006-07 [Publication Details]

Feb 22, 2006 - The state budget continues to benefit from healthy revenue growth. After climbing by over 8 percent in 2004‑05, the 2006‑07 Governor’s Budget assumes that revenues from the state’s major taxes will increase further by 6.2 percent in 2005‑06 and 5.7 percent in 2006‑07. The administration’s current forecast is up substantially from the estimates included in the 2005‑06 Budget Act.
https://lao.ca.gov/Publications/Detail/1387

California Spending Plan 2003-04: The Budget Act and Related Legislation [Publication Details]

Oct 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.
https://lao.ca.gov/Publications/Detail/1057

California's Fiscal Outlook: LAO Projections 2000-01 Through 2005-06 [Publication Details]

Nov 15, 2000 - We suggest that the $6.9 billion reserve carried into the budget year from 2000-01 be used primarily for one-time purposes; the $3.4 billion annual operating surplus would be available for ongoing purposes.
https://lao.ca.gov/Publications/Detail/739

State Fiscal Picture 2002-03 [Publication Details]

Feb 20, 2002 - Based on our projections of revenues and expenditures, adoption of the Governor's spending policies would result in a year-end deficit of about $4.5 billion in 2002-03. This represents a $5 billion deterioration in the budget condition relative to the administration's estimate, which assumes a $511 million reserve.
https://lao.ca.gov/Publications/Detail/834