P&I in Adobe Acrobat (PDF) Format (396k)
Perspectives and Issues Outline
Part One: State Fiscal Picture
Part Two: Perspectives on the Economy and Demographics
Part Three: Perspectives on State Revenues
Part Four: Perspectives on State Expenditures
An Overview of State Expenditures
Major Expenditure Proposals in the 2004-05 Budget
Part Five: Major Issues Facing the Legislature
Another Property Tax Shift?
Deficiencies: Rethinking How to Address Unexpected Expenses
"Remodeling" the Drug Medi-Cal Program
Better Care Reduces Health Care Costs for Aged and Disabled Persons
Mandates: Mounting Liabilities and Need for Reform
The Problem of Abusive Tax Shelters
Additional Options for Addressing the State's Fiscal Problem