Finance Bulletin

August 2003

Economic Update

California’s economy remains stagnant. Nonfarm job growth turned negative in July following negligible gains in June. Home building slowed in June, although it remains well above last year’s pace. Commercial construction continued to lag behind 2002.

Job Gains & Losses

Monthly Cash Report

Preliminary General Fund agency cash for July was $171 million above the 2003 Budget Act forecast of $4.141 billion.

General Fund Agency Cash
2003-04 Governor's Budget Act Forecast

2003-04 Comparison of Actual and 2003 Budget Act 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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