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December 27, 1995 - (1) State Transportation Funding Shortfall, and (2) Economic and Revenue Developments
November 21, 1995 - (1) California Remedial Education, and (2) Economic and Revenue Developments
October 24, 1995 - Presented to: The Assembly Budget Committee
October 24, 1995 - (1) Proposition 62 Voter Approval Requirements Upheld, and (2) Economic and Revenue Developments
September 19, 1995 - (1) House and Senate Welfare Reform, and (2) Economic and Revenue Developments
August 28, 1995 - (1) California’s 1994 Crime Rate, and (2) Economic and Revenue Developments
July 27, 1995 - Economic and Budget Developments
June 1, 1995 - Economic and Revenue Developments
May 3, 1995 - The Legislature has authorized $6.4 billion in /ease-payment bonds since 1983 and the Governor's Budget proposes $3.3 billion in new authorizations for 1995-96. Annual debt service costs on /ease-payment bonds have increased by almost $200 million over the last three years. For several reasons, total debt service costs for lease-payment bonds are significantly higher than general obligation bonds. We therefore recommend that the Legislature (1) minimize the use of lease-payment bonds in the future and (2) establish a multiyear plan to address its highest priority capital outlay needs using less costly financing alternatives-either direct appropriations or general obligation bonds. We also recommend a course of action for the budget year.