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California’s Fiscal Outlook

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

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  1. California’s Fiscal Outlook Legislative Analyst’s Office www.lao.ca.gov

  2. What Happened to the $4 Billion Reserve? (In Millions)

  3. Large Operating Shortfalls Projected Throughout Forecast Period General Fund (In Billions)

  4. Modest Economic Growth Anticipated for California Annual Percentage Change

  5. California Employment SlowdownPrimarily Confined to Real Estate Industries Cumulative Percent Jobs Change Since January 2000

  6. Modest PIT Liability Growth Expected Percent Change

  7. Both Taxable Sales and Profits to Slow Annual Percent Change

  8. Proposition 98—Difficult Year Ahead But Major New Funds in the Future (In Millions)

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

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