Finance Bulletin

December 2002

Economic Update

The home building and public sectors continue to counter weakness in other industries leaving California’s economy in a holding pattern.

Manufacturing Losses Accelerate

Monthly Cash Report

Preliminary General Fund agency cash for November was $239 million above the 2002 Budget Act forecast of $4.386 billion.  Year-to-date, revenues are $154 million below expectations.  However, adjusting for accounting differences in “other” revenues, cash for November is $286 million below forecast and cash year-to-date is $679 million below forecast.

General Fund Agency Cash
2002-03 Budget Act Forecast

2002-03 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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