Finance Bulletin

September 2001

Economic Update

More signs of economic weakness were evident in recent construction and export activity.  Construction activity slowed again in July, principally in the San Francisco Bay area.  Exports of California-made goods grew modestly in the first quarter, then declined from year-ago levels in the second quarter.

Exports Slow from 2000

Monthly Cash Report

Preliminary General Fund agency cash for August was $316 million below the 2001 Budget Act forecast of $4.826 billion.  Year-to-date, revenues are $142 million below expectations.

General Fund Agency Cash
2001-02 Governor's Budget Forecast

2000-01 Comparison of Actual and 2001 Budget Act 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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