Finance Bulletin

October 2002

Economic Update

The California economy is on a flat trajectory at present.  Employment levels have been stable, experiencing only minor month-to-month gains and losses.  Real estate prices continue to climb, but have spurred only a small acceleration in overall home building. 

  Month-to-Month Nonfarm Job Growth in 2002

Monthly Cash Report

Preliminary General Fund agency cash for September was $199 million above the 2002 Budget Act forecast of $6.795 billion.  Year-to-date, revenues are $66 million below expectations.

General Fund Agency Cash
2002-03 Governor's Budget Forecast

2001-02 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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