Finance Bulletin

November 2002

Economic Update

California’s economy continues to give mixed signals, with alternating ups and downs in employment, construction and real estate.  While the economic slide has been halted for some time, a full-fledged recovery has yet to take hold.

Home Sales Slide

Monthly Cash Report

Preliminary General Fund agency cash for October was $312 million below the 2002 Budget Act forecast of $4.547 billion.  Year-to-date, revenues are $381 million below expectations. 

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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