Budget

May Revise

May 16, 2012

While the issues related to the Governor’s revision of his budget proposal are far from clear, several key points are coming into focus.

May Revise, 2012-13

May 15, 2012

The Big Picture:

The Budget shortfall, which in January was $9.2 billion, is now estimated at $15.7 billion.  Why has the problem increased?

• CY revenues were $4.3 billion short of January estimates
• The Prop 98 Guarantee has grown by $2.4 billion over the 2-year period.
• The federal government and court decisions have removed about $1.7 billion in potential savings solutions.

The Governor proposes $4.1billion in new spending reductions in the May revise, bringing total proposed reductions to $8.3 billion.  

May Revise today, backgrounder, and webinars tomorrow

May 14, 2012

In case you took time off the Interwebs to play in your garden, you might have missed thegovernor's message to the people via "The YouTubes," as mom might say. The message: the deficit is now $16 billion, rather than the $9.2 billion projected in January. The increased deficit is due to 1) lower revenues in the current year, 2) lower projected revenues in the budget year, and 3) increased expenditures in the current year due to court decisions and higher workload in health and human services.

Enrollment Management Update, History and Status Projection

Jun 23, 2011

Enrollment Managment presentation to Board of Trustees