2006-07 Budget: Perspectives and Issues [Publication Details]

Feb 22, 2006 - California has benefited greatly from over $11 billion in unanticipated increases in state revenues. Yet, due to its allocation of these funds, the 2006-07 Governor’s Budget would still leave the state with large structural budget shortfalls and an enormous amount of outstanding financial obligations.
https://lao.ca.gov/Publications/Detail/1390

Pending Federal Deficit Reduction Act of 2005: Fiscal Effect on California [Publication Details]

Jan 20, 2006 - In this report, we review the major provisions of this legislation, estimate the fiscal impact on federal funds and state funds based on current law, and identify key issues for legislative consideration.
https://lao.ca.gov/Publications/Detail/1366

Overview of the Governor’s Budget: 2006-07 [Publication Details]

Jan 12, 2006 - The 2006-07 Governor’s Budget now projects that the state will be able to fund much more than a current-law budget and still maintain fiscal balance in 2006-07. The plan, however, moves the state in the wrong direction in terms of reaching its longer-term goal of getting its fiscal house in order.
https://lao.ca.gov/Publications/Detail/1363

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

Proposition 76: Key Issues and Fiscal Effects [Publication Details]

Sep 30, 2005 - Proposition 76 on the November Special Statewide Election ballot is a complex measure that would have far-reaching effects on the state budget. In this report, we describe the measure’s key provisions and provide answers to some of the questions that have been raised about its potential impacts on state and local governments.
https://lao.ca.gov/Publications/Detail/1340

California Spending Plan 2005-06: The Budget Act and Related Legislation [Publication Details]

Sep 23, 2005 - The 2005-06 budget package contains almost $6 billion in solutions, eliminating a shortfall, prepaying some debt, and establishing a $1.33 billion year-end reserve. Despite these actions, the state still takes large operating deficits in 2006-07 and beyond, absent additional actions. This report summarizes legislative action on the 2005-06 budget, including expenditure highlights by program area.
https://lao.ca.gov/Publications/Detail/1339

Major Features of the 2005 California Budget [Publication Details]

Jul 26, 2005 - 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.
https://lao.ca.gov/Publications/Detail/1334

2005-06 Budget: Perspectives and Issues [Publication Details]

Feb 22, 2005 - The Legislature has an important budget opportunity. 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. However, the price of inaction is significant.
https://lao.ca.gov/Publications/Detail/1230

Assessing the Governor's Reorganization Proposals [Publication Details]

Feb 22, 2005 - Regarding the YACA proposal, we conclude it has the potential to improve the efficiency, accountability, and effectiveness of the state's prison system. However, the plan omits important details that the Legislature requires in order to fully evaluate its merits.
https://lao.ca.gov/Publications/Detail/1225

State Fiscal Picture 2005-06 [Publication Details]

Feb 22, 2005 - Without the adoption of ongoing solutions of the magnitude offered by the budget plan, the 2005-06 budget would be precariously balanced and the state would experience major budget shortfalls in 2006-07 and beyond.
https://lao.ca.gov/Publications/Detail/1231