Finance Bulletin

July 2001

Economic Update

California’s economy does not seem destined to repeat its extraordinary 2000 performance this year. Employment growth slowed significantly during the first five months of 2001. The slowdown is principally centered in the San Francisco Bay Area due to the dramatic contraction in internet-related service industries.

  Silicon Valley Computer Services Slow

Monthly Cash Report

Preliminary General Fund agency cash for June was $432 million below the 2001-02 May Revision forecast of $7.926 billion. Year-to-date, revenues are $389 million lower than the $78.781 billion that was expected.

General Fund Agency Cash
2001 May Revision Forecast

2000-01 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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