Use either the form or links on the side to filter the list of publications. Browse other LAO products using the links at the bottom of the sidebar.
4,615 Publications Found
No Filters Applied
February 19, 2003 - The Governor is proposing an $8.3 billion total tax increase to fund his realignment program and reduce the General Fund's budget shortfall. This proposal would raise the sales and use tax by one percentage point ($4.6 billion), establish 10 percent and 11 percent high-income tax brackets ($2.6 billion), and raise the cigarette tax by $1.10 per pack ($1.2 billion).
February 19, 2003 - California faces an unprecedented budget shortfall--roughly one-third of the General Fund budget-- due to an unexpected dramatic decline in state tax receipts combined with ongoing increases in state government costs. The Governor's budget proposal, would eliminate the while its large amount of ongoing savings would also address California's long-term structural imbalance.
February 19, 2003 - The United States and California economies continue to struggle in early 2003, due primarily to restrained hiring and investment pending by businesses. We assume that stronger economic growth will resume in the second half of 2003
February 19, 2003 - We estimate that revenues will exceed the budget forecast by a net of $1.3 billion in 2002-03 and 2003-04 combined. Our higher estimate assumes a somewhat earlier and stronger economic recovery than does the administration.
February 19, 2003 - The Governor's budget proposes total spending in 2003-04 of $89.2 billion. This total budget-year spending is significantly less than current-year spending--by $5.4 billion (5.7 percent). Proposed spending translates into $2,469 for every man, woman, and child in California, or $244 million per calendar day.