P&I in Adobe Acrobat (PDF) Format (2.3 MB)
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 2005-06 Budget
Part Five: Major Issues Facing the Legislature
Governor's Budget-Related Reforms
Addressing Public Pension Benefits and Cost Concerns
Assessing the Governor's Reorganization Proposals
Transportation Funding Instability Continues
Hard Decisions Before the Legislature: Toll Bridge Seismic Retrofit
Water Policy Issues Facing the State
Evaluating the Administration's California Rx Proposal
Lowering the State's Costs For Prescription Drugs