California s fiscal outlook
Download
1 / 9

LAO Fiscal Outlook Presentation - PowerPoint PPT Presentation


  • 377 Views
  • Uploaded on

California’s Fiscal Outlook. Legislative Analyst’s Office. www.lao.ca.gov. What Happened to the $4 Billion Reserve?. (In Millions). Large Operating Shortfalls Projected Throughout Forecast Period. General Fund (In Billions). Modest Economic Growth Anticipated for California.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'LAO Fiscal Outlook Presentation' - lotus


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
California s fiscal outlook

California’s Fiscal Outlook

Legislative Analyst’s Office

www.lao.ca.gov


What happened to the 4 billion reserve
What Happened to the $4 Billion Reserve?

(In Millions)



Modest economic growth anticipated for california
Modest Economic Growth Anticipated for California Period

Annual Percentage Change


California employment slowdown primarily confined to real estate industries
California Employment Slowdown PeriodPrimarily Confined to Real Estate Industries

Cumulative Percent Jobs Change Since January 2000



Both taxable sales and profits to slow
Both Taxable Sales and PeriodProfits to Slow

Annual Percent Change



Taking steps to balance the budget
Taking Steps to the FutureBalance the Budget

  • Almost $10 billion in solutions needed for 2008-09.

  • Ongoing actions needed for substantial portion of solution.


ad