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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.
May 1, 1995 - (1) The Impact of Federal Spending and Tax Proposals on California, and (2) Economic and Revenue Developments
March 1, 1995 - The 1995-96 Governor's Budget proposes a 15 percent across-the-board income tax cut for both corporations and individuals, along with maintaining the high-income tax rates scheduled to sunset in 1996. The plan's stated purpose is to reduce the tax burden on individuals and businesses in California so as to stimulate business location and expansion in the state, thereby improving the economy.
March 1, 1995 - (1) Trends in K-12 Education Funding, and (2) Economic and Revenue Developments
February 15, 1995 - Presented to: Senate Revenue and Taxation Committee
February 8, 1995 - Presented to: Newly Elected Supervisors
October 1, 1994 - As part ofthe 1994-95 budget package, the state put into place a so-called trigger mechanism. This mechanism was viewed as being necessary to ensure repayment of money borrowed from investors to finance the budget plan.