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Description: In 2008‑09, weakening revenues and limited access to the credit markets reduced the California's resources to address monthly cash flow deficits. As a result, the state’s “cash cushion”—its available liquidity to allow the General Fund to make all budgeted payments on time—became unacceptably low. This report outlines the differences and similarities between the budget and cash flow situations, and makes recommendations for corrective actions to address the crisis.
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Subject: California--Economic conditions, California--Appropriations and expenditures , Budget--California
Creator: California. Legislature. Joint Legislative Budget Committee. Legislative Analyst
Language: English
Coverage: California
Format: Government Documents
Description: The state's efforts to rehabilitate juvenile and drug-addicted adult offenders have been largely ineffective despite substantial spending. In response, the Legislature has proposed shifting $1.4 billion of state responsibilities to counties, giving them more autonomy to manage programs for juvenile offenders and drug-addicted adults. The suggested financing plan involves increasing the vehicle license fee rate to 1 percent, generating $1.1 billion in revenue, and redirecting $359 million of existing VLF revenues, ultimately serving as an ongoing budget solution.
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Subject: California--Appropriations and expenditures , Budget--California, Imprisonment--California--Finance, Prisons--Economic aspects--California, Drug addicts--Rehabilitation--California, Juvenile delinquents--Rehabilitation--California, Criminals--Rehabilitation--California
Creator: California. Legislature. Joint Legislative Budget Committee. Legislative Analyst
Language: English
Coverage: California
Format: Government Documents
Description: A presentation by the Legislative Analyst's Office to the Commission on the 21st Century Economy, January 22, 2009
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Subject: Taxation--California, California--Appropriations and expenditures
Creator: California. Legislature. Joint Legislative Budget Committee. Legislative Analyst
Language: English
Coverage: California
Format: Government Documents
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