The Revised Budget Summary provides an update of revenues, expenditures, and reserve estimates based
upon the latest economic forecast and changes in population,
caseload, or enrollment estimates. The Revised Budget Summary provides
Summary
Charts,
Economic
Outlook,
Revenue
Estimates, and Demographic Information.
Major changes are highlighted in each of the
Major
Program Areas.
BUDGET OVERVIEW Back to Top
Introduction
The Governor's Budget for 2007-08, as proposed in January, eliminated the net operating deficit (the balance between ongoing revenues and expenditure, after accounting for various one-time revenues and expenditures, most significantly the $1.6 billion that was proposed to pre-pay the Economic Recovery Bonds [ERBs]), held spending growth to 1.0 percent and maintained a reserve of $2.1 billion.
PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - All Chapters (pdf * - 1.3M)
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Provides the entire Revised Budget Summary in pdf format.