Finance Bulletin

April 2002

Economic Update

There are definite signs that the California economy is turning a corner.  Recently revised employment data indicate that the state’s performance is picking up.  Despite a slight loss in February, California has created 21,000 nonfarm jobs since November 2001. 

  Unemployment Levels Off

Monthly Cash Report

Preliminary General Fund agency cash for March was $186 million below the 2002-03 Governor’s Budget forecast of $3.704 billion.  Year-to-date, revenues are $1.14 billion lower than the $46.252 billion that was expected.

General Fund Agency Cash
2002-03 Governor's Budget Forecast

2001-02 Comparison of Actual and Forecast 
Agency General Fund Revenues

For more information, please contact the California Department of Finance,
Room 1145, State Capitol, Sacramento, CA or call (916) 323-0648.

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