Finance Bulletin

July 2005

Economic Update

While the California economy continued to expand in 2005, some noticeable contrasts from 2004 were evident during the first five months.  Industry job growth accelerated, but home building, which made major gains in 2004, slowed.  The growth of existing home sales also cooled somewhat from last year's heated pace.  

Strong Growth in the Central Valley

Monthly Cash Report

Preliminary General Fund agency cash for June was $97 million above the 2005-06 May Revision forecast of $9.479 billion.  Year-to-date revenues are $553 million higher than the $85.372 billion that was expected.

General Fund Agency Cash
 2005-06 May Revision Forecast

2004-05 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.

Return to the Department of Finance Home Page