Finance Bulletin

July 2003

Economic Update

Labor market conditions improved modestly in California in June.  The state’s labor force increased while the number of unemployed fell.  The state’s unemployment rate was unchanged as the national rate continued to increase, making the gap between the two smaller than it has been since 1990.  Also, industry employment grew in the state, countering a loss in the rest of the nation

Nonresident Building Permits

Monthly Cash Report

Preliminary General Fund agency cash for June was $123 million above the 2002-03 May Revision forecast of $7.286 billion.  Year-to-date revenues are $272 million higher than the $68.108 billion that was expected.

General Fund Agency Cash
2003-04 Governor's 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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