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43 Publications Found
August 1, 1994 - This report summarizes the fiscal effect of the 1994 Budget Act (Ch 139/94, SB 2120), and the effects of major legislation that was enacted as part of the overall state spending plan for 1994-95.
September 1, 1993 - This report summarizes the fiscal effect of the 1993 Budget Act (Ch 55/93, SB 80), including the effects of major legislation that was enacted as part of the overall state spending plan for 1993-94. Our review indicates that the recently enacted two-year budget plan is now out of balance due to a variety of budget adjustments. These adjustments, reflecting actions or decisions that already have occurred, increase spending over the two years by a total of $660 million, which results in a 1994-95 ending deficit of $560 million in the General Fund, absent corrective action, rather than the $100 million reserve that was projected by the Administration when the budget was adopted.
November 1, 1992 - The 1992-93 budget situation presented the Legislature and the Governor with a second consecutive year of massive budget funding gaps due to the ongoing economic problems in California and the nation. Last year, the Legislature resolved a 1991-92 budget funding gap of $14.3 billion through the enactment of $7.2 billion of tax increases, $3.4 billion of spending reductions, and $3.7 billion in other actions. At that time, both the Legislature and the administration anticipated that their actions would balance the state’s spending needs with its expected revenues not only in 1991-92, but for 1992-93 as well. That expectation, however, assumed that California’s economy would resume its growth in mid-1991. Instead, the recession continued to drag down state revenues while simultaneously boosting spending needs for various programs.
September 1, 1991 - This report summarizes the fiscal effect of the 1991 Budget Act (Ch 118/91-AB 222, Vasconcellos) including the effects of major legislation accompanying the budget which were enacted as part of the overall state spending plan for 1991-92.
August 1, 1990 - This report summarizes the fiscal effect of the 1990 Budget Act (Chapter 467 -SB 899) including the effects of major legislation accompanying the budget which is part of the overall state spending plan for 1990-91. The report begins by recounting the history of this year's budget crisis, and describing how it was resolved. It then highlights the funding levels that were ultimately approved for the state's major programs in 1990-91. Finally, this report discusses projected state revenues for 1990-91, including the key assumptions underlying the projections and revisions that have been made to them since the Governor's Budget was introduced in January.
December 1, 1989 - This report summarizes the fiscal effects of legislation enacted during the 1989 Regular Session of the California Legislature, and the First Extraordinary Session called by the Governor in response to the October 17 Lorna Prieta earthquake. This report is divided into two parts. Part 1 of the report describes the provisions and fiscal effects of some 70 major bills enacted during the 1989 Regular Session. The discussion of individual bills in Part 1 of this report is intended to be illustrative of the actions taken by the Legislature on major financial legislation in 1989. Part 2 discusses the provisions and fiscal effects of the 24 measures chaptered during the First Extraordinary Session of the Legislature in November.
August 1, 1989 - This report summarizes the fiscal effect of the 1989 Budget Act (Chapter 93 - SB 165). In addition, it discusses major spending decisions that were enacted in bills other than the Budget Bill, that were part of an overall state spending plan for 1989-90. The report highlights the funding levels approved for the state's major programs in 1989-90, and compares these funding levels to those authorized in prior years. This report also discusses projected state revenues for 1989-90, including the key assumptions underlying the projections and revisions that have been made to them since the Governor's Budget was introduced in January.
November 1, 1988 - This report summarizes the fiscal effects of legislation enacted during the 1988 Regular Session of the California Legislature.
November 1, 1987 - This report summarizes the fiscal effects of legislation enacted during the 1987 Regular Session of the California Legislature, and the November Special Session called by the Governor.
November 1, 1986 - This report summarizes the fiscal effects of legislation enacted during the 1986 Regular Session of the California Legislature. It is intended to supplement and update our July 1986 report entitled: Summary of Legislative Action on the Budget Bill 1986-87. That report shows the amounts appropriated in the Budget Act (AB 3217) for each state department and major program in 1986-87.
November 1, 1985 - This report summarizes the fiscal effect of legislation enacted during the 1985 Regular Session of the California Legislature. It is intended to supplement and update our July 1985 report entitled: Summary of Legislative Action on the Budget Bill, 1985-86 Fiscal Year.