To e Cai ni Legislatu Regula S in 2009-10 - Streetsblog San Francisco

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Introduction 2 $110,000 $100,000 $90,000 $80,000 $70,000 $60,000 $50,000 1998-99 1999-00 2000-01 foreseeable future. Revenues will also be affected by the expiration of temporary tax increases enacted last year. Figure INT-01 Proposed General Fund Spending Would Remain Below Population and Inflation Growth (Dollars in Millions) 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Proposed at 2010-11 Governor’s Budget Total Without Offsets GF Population/Inflation 2008-09 2009-10 2010-11 Governor’s Budget Summary 2010-11
150,000 140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 50,000 1998-99 1999-00 2000-01 2001-02 Defining the Budget Gap Without corrective action, California is projected to face a budget gap of $19.9 billion in fiscal year 2010-11. This figure is comprised of a current year shortfall of $6.6 billion, a budget year shortfall of $12.3 billion, and a modest reserve of $1 billion. As Figure INT-03 shows, various factors contribute to the increase in the 2010-11 deficit from the $6.9 billion that was projected when the 2009-10 Budget was enacted. Specifically, revenue estimates are $3.4 billion lower, federal and state court decisions have reduced or eliminated budget solutions adopted in previous years and imposed costs totaling $4.9 billion, erosions of previous solutions result in $2.3 billion of the budget gap, and population and caseload growth adds $1.4 billion in costs. Governor’s Budget Summary 2010-11 Figure INT-02 Impact of Recession on Revenues Dollars in Millions 2002-03 2003-04 2004-05 2005-06 Fiscal Year 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Introduction 2012-13 2007-08 Budget Projection 2013-14 Revenues Revenues with Policy Changes 3
Page 1: To e California Legislatu Regular S
Page 5: Dear Governor: DEPARTMENT OF FINANC
Page 9: Introduction In 2009, the United St
Page 13 and 14: Reforming the Federal-State Relatio
Page 15 and 16: Trigger Reductions and Revenues The
Page 17: The Governor’s Budget projects th
Page 20 and 21: Summary Charts 12 Figure SUM-01 201
Page 22 and 23: Summary Charts 14 Personal Income T
Page 24 and 25: Summary Charts 16 Corrections and R
Page 26 and 27: Summary of Significant Changes by M
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Summary of Significant Changes by M
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Economic Outlook Governor’s Budge
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6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.
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California personal income fell sha
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Revenue Estimates The revenue estim
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Figure REV-01 displays the forecast
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General Fund Revenue General Fund 2
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The budget’s revenue estimates in
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and $4.456 billion in 2010-11. The
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Governor’s Budget Summary 2010-11
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Corporation Tax Corporation tax rev
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In 2008, $123.5 billion in taxable
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Property Taxes Article XIIIA of the
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Other Revenues Governor’s Budget
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Chapter 322, Statutes of 1998 estab
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containing 15 percent or less gasol
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Appendices and Schedules
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Statewide Financial Information Pro
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Reference to Schedule General Fund
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Fiscal Estate Alcoholic Motor Year
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Positions subject to Administration
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SCHEDULE 5B ACTUAL 2008-09 FISCAL Y
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SCHEDULE 5D ESTIMATED 2010-11 FISCA
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SCHEDULE 8 COMPARATIVE STATEMENT OF
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SCHEDULE 8 -- Continued COMPARATIVE
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SCHEDULE 9 COMPARATIVE STATEMENT OF
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SCHEDULE 10 -- Continued SUMMARY OF
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SCHEDULE 11 STATEMENT OF GENERAL OB
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SCHEDULE 12B REVENUES TO EXCLUDED F
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SCHEDULE 12C NON-TAX REVENUES IN FU
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From Corporations Fund, State (0067
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Finance Glossary of Accounting and
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Augmentation An authorized increase
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Budget Revision (BR) A document, us
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appeal to continue the positions. I
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expenditure totals the amount of en
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Fiscal Committees Committees of mem
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Legislative Analyst’s Office (LAO
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Overhead Those elements of cost nec
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(K-14) beginning with fiscal year 1
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savings is estimated on the basis o
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Senate The upper house of Californi
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such that interference with a contr
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