Tag Archives: Budget

California Fiscal Outlook 2012-2013

According to the LAO, California faces a 13 billion dollar problem in 2012-2013.$2 billion of “trigger cuts” to various state funded programs.

For more information read the report by the L.A.O.

California’s Fiscal Outlook: The 2012-13 Budget (November 16, 2011) and (video)

Why?

  •  State will end 2011-12 in a deficit of 3 billion dollars.
  • State faces an operating shortfall of 10 billion dollars.

The Legislative Analyst’s Office has been providing fiscal and policy advice to the California Legislature for more than 70 years. It is known for its fiscal and programmatic expertise and nonpartisan analyses of the state budget.