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
- Treasurer Lockyer Comments on Revised Budget Proposals
May 14, 2009 - Treasurer Lockyer Announces $5.23B of BABs Sold in $6.85B Infrastructure Bond Deal
April 22, 2009 - Treasurer Lockyer Launches Site to Maximize Transparency, Provide Information and Solicit Public Comment on Crucial State Budget Decision
March 5, 2009 - Treasurer Lockyer Pledges Maximum Effort to Revive Infrastructure Financing
February 20, 2009 - Treasurer Lockyer Comments on Partial Thaw of Infrastructure Financing Freeze
January 16, 2009 - Treasurer Lockyer comments on funding cutoff for infrastructure, stresses harm to businesses and workers
December 17, 2008 - Treasurer Lockyer - Inside Look: California's Fiscal Mess
Bloomberg TV, December 11, 2008 - Treasurer Lockyer Urges Quick Budget Solution to Avoid Funding Cutoff for Infrastructure Projects
December 8, 2008
Budget
- California Sends Out IOU's
Eric Bailey and Patrick McGreevy
Los Angeles Times; July 3, 2009 - Cash-dry California starts churning out the IOUs
Steve Wiegand
Sacramento Bee; July 3, 2009 - State board sets 3.75 percent interest rate on California lOUs
Mike Zapler
San Jose Mercury News; July 3, 2009 - Waste is Killing California
Governor Arnold Schwarzenegger
Los Angeles Times; July 3, 2009 - IOU'S Not OK for All
Jim Miller
Riverside Press Enterprise; July 3, 2009 - Schwarzenegger Shares Blame on Chronic Deficits
Dan Walters
Sacramento Bee; July 3, 2009 - California Budget Gap Grows $25 Million a Day
Jim Sanders
Sacramento Bee; July 3, 2009 - Governor Says He's Seeking Budget Compromise
Matthew Yi
San Francisco Chronicle; July 3, 2009 - Coffers Empty, California Pays with IOU's
Jennifer Steinhauer
New York Times; July 3, 2009 - Hope for California budget deal IOUs' planned
Jim Christy
Reuters; July 3, 2009
Economy
- Rising Job Losses Damp Hopes of Recovery
Kelly Evans & Alex Frangos
Wall Street Journal; July 3, 2009 - Joblessness Hits 9.5%, Deflating Recovery Hopes
Peter S. Goodman
New York Times; July 3, 2009 - Car Makers See End to Sales Slide
Andrew Grossman & Kate Linebaugh
Wall Street Journal; July 2, 2009 - Hiring Might Not Rebound in an Economic Recovery
Don Lee
Los Angeles Times; July 2, 2009 - Home Prices Still Dropping, But More Slowly
Carolyn Said
San Francisco Chronicle; July 1, 2009
Publications
- Finance Bulletin (Word Document)
California Department of Finance; June 2009 - Manufacturing 2.0; More Prosperous California
Milken Institute for the California Manufacturers & Technology Association; June 2009 -
The U.S. Financial and Economic Crisis: Where Does It Stand and Where Do We Go From Here?
Brookings Initiative on Business and Public Policy; June 2009 - How Do the Budgets Compare?: A Comparison of the Governor’s May Proposals and the Budget Conference Committee’s Proposals
California Budget Project; June 19, 2009 - The Clean Energy Economy
Pew Charitable Trusts; June, 2009 - California's Cash Flow Crisis
Legislative Analyst's Office; May 22, 2009 - 2009-10 May Revision General Fund Proposals
California Department of Finance, May 14, 2009 - Statement of General Fund Cash Receipts and Disbursements State Revenue in April 2009
California State Controller John Chiang, May 2009 Summary Analysis - California's Cash Flow Crisis: May 2009 Update
Legislative Analyst's Office; May 7, 2009 - Who's behind the financial meltdown?
The Center for Public Integrity; May 6, 2009 - Beige Book: Summary of Commentary on Current Economic Conditions
Federal Reserve Beige Book; April 15, 2009
Other Helpful Sites
- White House Roadmap to Recovery
- Bond Accountability
- California Budget Project
- California Debt and Investment Advisory Commission
- California Forward
- 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
- Recovery.gov
- State Controller's Office Monthly Cash Statements
- U.S. House Education and Labor Committee
- Federal Reserve Board
- National Bureau of Economic Research