Overview of the 2008-09 May Revision [Publication Details]

May 19, 2008 - Our plan includes a more responsible lottery securitization—resulting in a General Fund benefit of $5.6 billion over two years—with a dramatically reduced risk to education’s lottery funding. Finally, we offer some much simpler approaches to increasing the size of the state’s reserve in good fiscal times.
https://lao.ca.gov/Publications/Detail/1828