Finance Bulletin

August 2004

Economic Update

June was a good month for California's real estate and construction markets. Home building rebounded while home sales maintained an impressive pace. The pattern was uneven, however, as Southern California enjoyed the strongest gains, while the San Francisco Bay area slowed sharply from last year's building pace.

Strong Commercial Building

Monthly Cash Report

Preliminary General Fund agency cash for July was $108 million above the 2004 Budget Act forecast of $4.245 billion.

General Fund Agency Cash
2004-05 Budget Act Forecast

2004-05 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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