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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.

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california s fiscal outlook

California’s Fiscal Outlook

Legislative Analyst’s Office

www.lao.ca.gov

california employment slowdown primarily confined to real estate industries
California Employment SlowdownPrimarily Confined to Real Estate Industries

Cumulative Percent Jobs Change Since January 2000

taking steps to balance the budget
Taking Steps to Balance the Budget
  • Almost $10 billion in solutions needed for 2008-09.
  • Ongoing actions needed for substantial portion of solution.