Fiscal Affairs
State Budget, Infrastructure Investment and the Economy
News, Analysis and Resources
Looking Beyond the Horizon
Investment Planning for the 21st Century
California's elected leaders should:
- Lengthen the State's fiscal planning sights
- Consider the "right" amount of debt a policy choice, not a number
- Treat infrastructure as a competing budget priority, along with programs and services
- Shore up the State's fiscal house -- now
The 2007 Debt Affordability Report, provides an in-depth look at how much investment California needs, how much we believe it will cost to finance that investment, and what our state can do to make it affordable. The central message: The people of California can afford the future we want if we start making smart financial decisions now.
News From the Treasurer
- State Treasurer Lockyer Comments on Governor’s Revised 2008-09 State Budget Plan
May 14, 2008 - State Treasurer Bill Lockyer's statement on the LAO’s analysis of the Governor’s 2008-09 Budget
February 20, 2008 - California State Treasurer Visits UC Davis Bill Lockyer speaks about UC and state budget in 2008
Thuy Tran
California Aggie, January 31, 2008 - Treasurer Lockyer Comments on Governor’s State Spending Plan for Fiscal 2008-09
January 10, 2008 - Treasurer Lockyer Comments on Governor's State of the State Speech
January 8, 2008 - Budget message from State Treasurer Bill Lockyer
December 14, 2007 - Treasurer Lockyer Comments on Fiscal Projections by Legislative Analyst’s Office
November 14, 2007 - Open Forum on California's Future, Time to Take Action
Bill Lockyer
San Francisco Chronicle, October 21, 2007 - Treasurer Lockyer Issues Report on State Debt That Takes 20-Year Look at Budget and Calls for Action Now to Fix Deficit
October 1, 2007
Budget
- California Will Pay For Another Late Budget
Evan Halper
Los Angeles Times; July 1, 2008 - State Running Out Of Cash
Timm Herdt
Ventura County Star; June 25, 2008 - Governor's Bond Plans Add To Debt
Judy Lin
Sacramento Bee; June 22, 2008 - Budget Obstinacy
Editorial
Press Enterprise; June 20, 2008 - Is The Business Property Tax Also Untouchable?
Peter Schrag
Sacramento Bee; June 18, 2008 - California Treasurer's Office Offers Warning Against Lottery Debts
Rick Saskal
Bond Buyer; June 17, 2008 - California Legislature Facing Long Budget Deadlock
Steve Lawrence, Associated Press
InsideBayarea.com; June 16, 2008
Economy
- At Midyear, the Economic Pain Persists
Vikas Bajaj
New York Times; July 1, 2008 - Commodities Prices Jump, and Upward Trend is Likely to Continue
Carolyn Cui
Wall Street Journal; July 1, 2008 - U.S. Economy: Spending Rose More Than Anticipated
Shobhana Chandra
Bloomberg; June 27, 2008 - After-tax incomes and spending show big gains
Martin Crutsinger, AP Economics Writer
San Francisco Chronicle; June 27, 2008 - This Recession, It's Just Beginning
Steven Pearlstein
Washington Post; 6/27/2008
Publications
- Overview of the 2007-2008 May Revision Summary
Legislative Analyst Office; May 19, 2008 - The Department of the Treasury Blueprint for a Modernized Financial Regulatory Structure
Henry M. Paulson, Jr.; Secretary
March 2008 - Highlights of the LAO's analysis of the Governor's 2008-09 budget
Legislative Analyst Liz Hill, February 20, 2008 - State and Local Governments: Growing Fiscal Challenges Will Emerge during the Next 10 Years
GAO-08-317, January 22, 2008 - Summary of Commentary on Current Economic Conditions
by Federal Reserve District, January 16, 2008 - CA Budget Project "quick and dirty" summary of key provisions in the Governor's 2008-09 proposed budget
- 2008-09 Governor's Proposed Budget
- Highlights of Governor's Proposal for the Special Session Fiscal Emergency & 2008-09 State Budget
John Laird; Chair, Assembly Budget Committee - Is California No Longer a High Job Growth State?
Center for Continuing Study of the California Economy, December 2007 - California's Fiscal Outlook, LAO Projections 2007-2008 Through 20012-13
Elizabeth Hill, Legislative Analyst, November 14, 2007 - 2007 Debt Affordability Report
Bill Lockyer, California State Treasurer, October 2007 - Privatization vs. Public-Private Partnerships: A Comparative Analysis
Issue Brief, California Debt and Investment Advisory Commission, August 2007
Other Helpful Sites
- California Budget Project
- California Debt and Investment Advisory Commission
- Center for Continuing Study of the California Economy
- Department of Finance/State Budget Page
- Economic Indicators
- Legislative Analyst 's Office
- Public Policy Institute of California
- State Controller's Office Monthly Cash Statements