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December 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. Finally, we review the administration's initial proposals to address the current-year shortfall and offer additional current-year options for the Legislature to consider.
December 5, 2001 - A member requested comprehensive review of the Department of Managed Health Care’s (DMHC) $30 million budget and its daily operations. We offer a series of options for further reform of the managed care industry, including licensing and certification of medical groups and expanded state review of HMO contracts for medical services
December 1, 2001 - This report summarizes a recent report measuring how well the state's universities are meeting their eligibility targets as called for in the state's Master Plan. This is one of a series of issue briefs examining important questions about higher education funding in California. For more information on this topic, or to request other briefs from this series, contact the Legislative Analyst’s Office Higher Education section at (916) 319-8339, or visit our website at www.lao.ca.gov/highered.
November 21, 2001 - A member-requested fiscal and policy analysis of Chapter 10x, Statutes of 2001 (SB 6x, Burton). This measure created the California Consumer Power and Conservation Financing Authority.
November 14, 2001 - California will end 2001-02 with a deficit of $4.5 billion, while the 2002-03 budget year faces a shortfall of $12.4 billion and potentially even more if the recovery we are assuming for next spring is delayed. Annual budget shortfalls will persist well beyond 2002-03 absent corrective actions. Thus substantial ongoing expenditure cuts and/or revenue augmentations are required to bring the budget back into balance.
September 24, 2001 - The 2001-02 Budget Act was signed into law by Governor Davis on July 26, 2001. Together with its related implementing legislation, the budget authorizes total spending from all funds of $103.3 billion. This report details the contents of this measure.
June 26, 2001 - A summary of the Budget Bill as adopted by the Conference Committee.
June 3, 2001 - Handout presented to the 2001-02 Conference Committee on the Budget. Compares key features of the budgets adopted by the two houses and outlines key considerations for the committee.
May 30, 2001 - PowerPoint slides presented to the California Transportation Forum.
May 25, 2001 - A summary of the Assembly Budget Bill as adopted by the Budget Committee.
May 16, 2001 - The May Revision reports a $5.7 billion deterioration in the state's fiscal condition. This assumes that the General Fund will be reimbursed from revenue bonds for the $7 billion plus it has committed for purchasing electricity. While the Governor's plan would result in a balanced budget in 2001-02, we estimate that the state would likely face a further shortfall of roughly $4 billion in 2002-03.