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HomeMy WebLinkAboutAgenda Report - June 4, 2003 I-01CITY OF LODI AGENDA TITLE, MEETING DATE State Budget Update 10110ENWIM PREPARED BY: Deputy City Manager ---------------------- RECOMMENDED ACTION: No action necessary FUNDING: None. A,,: per the request of Mayor Hitchcock, the City Manager will present ar update regarding the State budget during the Council meeting. Attached for Council information is a copy of the Legislative Analysts Office's overview of the Governor's May Revision, and a copy of the League of California Cities State Budget update. Respectfully, Diet S. Keeter Deputy City Manager APPROVED: Q-=�-/,9, -!,A _ C - ity ay r visitz Page 1 of 12 LAO_111.1'1_,"`�,,�j, . _A,.� i �' is � 8,,`S 0 S, : R gi,: May 19, 2003 'Al 'The May Revision adopts a multiyear approach to addressing the state's massive budget problem, relying more on borrowing and less on near-term spending reductions than the January proposal. Adoption of the phm would likely result in a precariously balanced 2003-04 budget, but would leave the state with a still - formidable structi.mai imbalance between ongoing revenues and expenditures in the future. Primarily because of this imbalance, we believe that if the Governor's multiyear approach is adopted, it should include additional ongoing solutions beyond those proposed in the May Revision. 'The, May Revision budget plan reflects a major change in how the administratian proposes to deal with the state's end notes budget shortfall. In contrast to his January budget proposal, which attempted to solve the bu gctaty problem in art 18 -month period, the Govemor's May Revision adopts a multiyear approach, which relies on much more borrowing and relatively less on near-term spending reductions. On the positive side, the revised plan would enable the state to achieve a balanced budget in 2003-04, provided its assumptions arc realized and its estimates prove accurate. However, it also would leave California with a still -formidable inibalaiice bets reen ongoing revenues and expenditures, which would reemerge in 2004-05 and persist thereafter, absent corrective actions. Similarly, while the proposed increased borrowing avoids the pain from cutting hack on spending or raising taxes to the extent that would be required to fully address the budget problem in the iiear term, it also imposes out -year costs to pay off the debt. By diverting future lax revenues away from funding public services in order to meet debt service obligations, future Legislatures will have relatively f6 er options and less flexibility to deal with budget shortfalls beyond the budget year. Our Bottom Lies. Should the l-egislature conclude that it wishes to use the Governor's multiyear approach to addressing the budget problem, it i s our view that it should adopt more ongoing solutions than proposed in the May Revision. This is so it can reduce the substantial operating deficit that awaits the state next year u idor the. plan, We believe that this is especially I portant given the risks inherent in some of the May Revision's proposed solutions, the sizeable, amount of borrowing that would a#ready be required under the plan in 2003-04, and the inherent uncertainties about reveriuc;s associated with the current economic envirornuent. h) addition, to the extent that the Legislature rejects any of the solutions proposed in the plan, it i s critical that they be replaced with savings of at least a comparable magnitude and duration so that the plan's potential benefits, are not eroded, 1141111 1 Thc� .) a nuary budget proposed to deal with tho state's massive budget shortfall through a mix o f program reductions. tax 0ic ,eases, [a,nding redirections: deferrals, and transfers over the remainder of 2002-03 and in 2003-04, littp:'1www,lao.ca.go�2003,may__rcvis€ons 051903-mayrevision,litnil 5/29/2003 may revision Page 2 of 12 Prior to when the :iarivary budget plan was released, the administration had already proposed a number of in modiate actions to get a "head start" on addressing the budget problem in the current year, These early proposals, along with additional current -year proposals unveiled in January, sought to achieve about $5.5 billion in current -year savings. It was also expected in January that the administration's. expenditure and revenue projections would be revised in May, once critical information was available on caseload, workload, and revenue treads through the first Dart of 2003, and once 2002 income tax returns had been filed and processed. As of this time, the fallowing developments have occurred in these areas since January Recent .neve nue and . xperx tare Developments. The May Revision reflects an approximately $1.5 billion increase in caseloads and cost factors in several areas including Medi -Gal, developmental services, and corrections. Pattially offsetting this is projected tax revenue increases, totaling about $400 million, due to favo>rabie treads in personal income tax withholding, corporation tax prepayments, insurance premium taxes, and estatetaxes_ Legislative Actions. During the sante time -period, the Legislature enacted about $3.3 billion in current -year savings, primarily reiated to proposition 98 deferrals, as well as a variety of reversions, cuts, and redirections in other programs, It rejected € urrent-year savings proposals related to the elimination of the vehicle license fee (VLF) backfilI payment to localities and most health care reductions, leaving current -year savings about $2.3 billion short of the $5.5 billion atuount proposed by the Governor. The Legislature has also enacted about $3 billion in budget -year savings, however, iricludi.ng the authorization of $1.9billion in pension obligation bonds. Altho glt soiree progress has been made, the Legislature and the Governor clearly have a long way to go to fully address the budget shortfall. Given the passage of time and the fundamental ongoing disagreements that have persisted over the appropriate mix and composition of spending reductions and tax increases needed to resolve the shortfall, it is unlikely that any revised 2003-04 budget plan could at this point realistically address the full magnitude of the, budget shortfall in only one year. Economic.Outlook Relatively Unchanged. In recent years, major changes to the economic and revenue outlook after the January budget proposal has been prepared have been by far the most important factors affecting how the May Revision budget proposal differs from the January proposal. Tho current May Revision update, however, reflQcts only modest changes in these areas since January. A s in January, the May Rcvisiou assn nes that the UT.S. and California economies will experience sluggish growth through much of 2003, before accelerating modestly late this year and in 2004. California personal income, a key determinant of state revenues, i s projected to increase by 3.1 percent this year and 4.9 percent in 2004, or marginally slower than January's projected increases of 3.4 percent and 5.3 percent, respectively. Revenues Revised %p Modestly. The retain factor affecting the revised revenue outlook is recent cash trends. As indicated alaove, these trends have been somewhat favorable, leading to modest upward adjustments in projected tax revenues of about $400 million for the current ycar and budget years combined. lite°�rtain.des Remain. Tl -us is not to suggest: that the economic, and thus revenue, outlook is not without risks in a number of areas. These include the likely timing of a strengthening o fbusiness investment, the willingness ofconsumers to continue spending its the face o f a soft labor market, and the- outlook in key foreign markets for California exports. Weaker-ihan-expected economic performance in such areas could o bvio�tsly have an adverse impact on revenues in 2003-04. For example, if personal income growth were to drop by one pert. ,ntage point over the next year from forecasted levels, stale revenues could easily decline by Sl 133117. http:' www.tao.ca.gov/0031nay revision/05 5/29/2003 may revisioti Page 3 of 12 Key Features of the May Revision The key May Revision changes to the January budget proposal are summarized in Figure 1. It shows that, relative to January, the updated plan differs from the budget in four main ways: • First, it moves the 2002-03 year-end deficit "off book" by proposing to issue a $10.7 billion deficit reduct-1oii bond, which would he repaid over roughly five years using revenues dedicated from a new hal-cent salQs tax. • Second, it eliminates all state VLF backfill payments to local goverriments effective July 1. It assumes that a VLF rate increase will be triggered by the "Insufficiont funds" provision of existing law, thereby raising the VLF rate to its earlier 2 percent level early next fiscal year. • Third, i t scales back some, of the spending reductions proposed in January, mainly in the areas o f local government, CaIWORK� , SSI/SSP, Medi -Cal, community colleges, and K-12 schoois. • Fourth, it substantially reduces the scope o f the proposed realignment o f programs from the state to local gOVeRIIlICOtS. gum Key Features of May Revision Sale of $10 7 billion deficit reduction bond Reliance on triggered VLF rate increase Restoration of spending, mainly in GalWORKS, SSI/SSP, Medi -Cal, community colleges, local governments, and K-12 education. Reduction in realignment proposal i'l rc lead € n no ager assumes proceeds from a second tobacco bond sale, which had bee expec 3 to raise $2 billion in the cuiTent year. (The 2002-03 budget package authorized $4.5 billion in tobacco secuntizat on bonds, cif which .SO.5 billion has already been sold.) The specific proposals in the May Revision affecting individual program areas are discussed later. Although the mix of new taxes has changed, the overall amount of tai increases assumed in tbo May Revision i s roughly equal to those asL, un ed in January. As shown Ul Figure 2, the revised proposal would rely on $7.1 billion in iiew tax revenues in 2003-04 and $8.4 billion i n 2004-05. This compares to proposed increases of $8.4 billion in 2003-04 and $7.5 billion in 2004-05 in the January proposal. Relative to January. the lay Revision relies on less taxes to support realignment, but assumes additional taxes to fund deficit. reduction bowls. The updated plan also assumes a VLF rate increase, as opposed to a shirt in the respo sz i.11 , for the cost of the VLF rate reduction €°roux the state to local governments. ht :,itwww,lac�.ca.g-Ov"'2003/may revisions 51903 inay�evisi€ n.htm! 5!29/2003 may re'viSt.011 Figure 2 Major Tax increase Proposals January Governor's Budget Versus May Revision (In Billions) Realignment -Related lax increases Personal Income Tax Sales and Use Tax Cigarette Tax a Subtotals Deficit Reduction Bunds Sales and Use Tax VLF Rate lncreaseb Other Revenue increasese Totals Increased Tax Revenues 2003-04 2004-0 January May Jan€lary May $26 $1 6 $18 $13 46 — 49 --- 1.2 0.3 1.1 0.7 $8.3 $1.8 $7.8 $2.0 $1.7 — $2.4 $3.1 _ $4.3 $0.1 $6.4 -$0.3 403 $8.4 $7.1 $7.5 $8.4 a Revenues prior to reimbursingspecial hands for iobacco-related revenue losses induced by rate Irlcri l-'a5e b Assumes to previous 2 percentrate effect#ve October 1. 2003 c includes suspension of teacher tax credit, suspension of National Heritage Preservation tax credit, restriction of certain €ricui ne sheltering activities, extension and narrowing of the manufacturers' investment credit. and other revenue measures Details may wt total clue to minding Page 4 of 12 ivally, compared to the January plan, which proposed pennanent tax increases to support realignment, about three-foot-ths of the tax increases assumed in the May Revision are for a limited term. The half -cent sales tax would expire once the deficit bonds arc paid ofd ----in roughly five years and the triggered VLF increase would presumably expire Dake the state's finances improve. Governor's Projected Figure 3 shows the administTation's projections of the General Funds condition in the current and budget years, taking into account the expenditure and revenue proposals included in the May Revision. Governor's May vi i n General Fund Condition (in Millions) Prior -year fund balance Revenues and transfers Deficit financing bond 2002-03 2003-04 -$1,905 $1,410 70,751 70,934 10170(} __ h1tp: 1wxw.laoxa.gov,'2003/niay _reviseon/`,l5190:3_mayrevision.h.tM.1 5/29/2003 may rcvisMI Total resources avaiiable $79.466 $72,344 Expeodrtures $78,056 --$70,433 Ending fund baiance $1,410 $1,911 Encumbiances 1,402 1,402 e erve 50 Data€! may. rant € at due to rounding Page 5 of t2 2002-03.. The current year would end with a deficit of $10.7 billion. However, after applying the proceeds from the deficit reduction bond sale, the "on boor, budget balance would be a positive $8 million. 2003-04. In the budget year. the administration's projected revenues ($70.9 billion) slightly exceed expenditures ($70.4 billion), leaving a modest reserve of $509 million at the conclusion o f 2003-04. The May Revision spending plan also indicates that, under the revised budget proposal, spending would exceed revenues by $7,9 billion in 1200 --t)5. The reemergence of the budget shortfall at that time primarily reflects the large amount of one-time borrowing and deferrals included in the 2003-04 budget plan. Later in this report, we discuss in more detail the out -year implications of the May Revision proposal. LAO Assessment. Overall, we believe that the basic revenue and expenditure assumptions underlying the budget plan are reasonable, although they are subject to significant risks. Our own revenue forecast is slightly higher ffian thQ adrninistrabon's resulting in about $600 million in additional revenues in the current year and budget year combined, This increase is primarily related to higher estimates of personal income tax and ins, trance tax receipts. Partly of fsetta g this revenue gain, w , believe that expenditures will be about $200 million higher in the two years combined, mainly due to additional costs for corrections. In addition, some of the, May Revision's budget solutions, even if adopted, may achieve. less savings than anticipated. For example, although the administration has sharply reduced its estimate of proceeds from renegotiated tribal compacts (from $ s .5 billion to $680 mUtion in the budget year), the actual ainount of receipts from these compacts could be considerably less than cvvn the revised estimates. As another example, we believe that some of the administration's assumed cost savings irt areas of state contracting, workers' compensation, and state employees' wages are sub ,lect to downside risks. Together, the various risks we have identified total several hundreds ofraillions ofdollars. Figure 4 shows the programs -rade distribution of proposed General Fund spending in 2003-04. it shows that overall spending would decline frons $78 billion to $70 billion. or by 9.8 percent ($7.6 billion). Virtually all o f t h i s year-to-year decline is related to four factors: The proposed program realignment. The elimination of the VLF backfill. * A Medi -Cal accounting shift, a The use of pension obligation bond proceeds in place o f General Fund paynwnts to employee pension funds. I-iitp:i,'�vNvw.lao.ca.gov,2003,'rnay__revisi.oii// 5l903__mayrevzsion.html 5/29/2003 may revisioli Figure 4 Summary of May Revision Spending Proposal By Major Program—General Fund (Doilars in i lions) Education Programs K 1--' `roposi°'ion 98 Community Wleges— Proposition 98 UC/CSU Other Health and Social Services Programs Medi -Cal CalWORKs SSi/SSP Cather Youth and Aduli Correction Vehicle License Fee Offset All Other `totals $10,885 2003-04 -104% 2,907 935 Percent 2002-03 Amount Change $26,600 $27,404 30% 2,642 2,236 -15.4 5,898 5,817 -4.8 3,952 2,660 -32.7 $10,885 $9,758 -104% 2,907 935 -557 3,007 3,082 25 7,456 7,350 -14 $5,833 $5,728 -18% $3,985 --- $5,691 $5,663 -05% $78,0$6 $70,433 -9.8% Page 6 of I2 Absent these factors, spending on total programs i s basically flat between the current and budget years. Taking into account the impact of inflation and caseload increases, the budget reflects large savings relative to current"sorvicc, spending levels, particularly its the areas ofl -12 education, community colleges, health, and social services. Figure 5 highlights the key exp ondi.taro-rel ated �iay Revision budget proposals by major program area. Addition at discuss€caps about these proposals i s provided below for the program areas o f education, Medi -Cal, social services, as well as the revised realign-iment proposal. Key Expend itu re -Rel ated May Revision Budget Proposals GeneralFund Increases K-12 funding by about $400 million, reflecting increased student attendance, restoration of some proposed reductions in revenue limit funding, and more targeted reductions in categorical programs. increases General Fund support for community colleges by roughly $300 million. The proposed student fee increase is reduced by almost half_ http: www.lacy.ca_gov/2003/may_ _ rev 1sicatVO51903_mayTevision, html 5/291/2003 inav rev 1sion Reduces size of January realignment package from $8-2 billion down to $1-7 billion. Remaining reatignment involves a shift in share -of -costs ?orCalWORKs, Foster Care, Child Welfare Services, child abuse prevention programs, and mental health. Funds reduced proposal with a 10.3 percent rate on high-income personal income tax payers, and a 23 -cent per pack increase in cigarette taxes (rising to 63 cents in 2004-05). ■ Restores proposed 6 2 percent reduction in grants for SSU SSP ($662 mrilion) and Ca1WORKs ($229 miilroin TANF) Child care savings from family fee increases, reimbursement rate reductions, and eligibility changes216 miiiion, Cenerai Fund and TANF). T Health Services Shifts Medi -Cal system accounting from an accrual to a cash basis ($930 million one-time savings). Restores funding to continue the 1931(b) Medi -Cal expansion ($118 million increase). Adjusts for the additional costs from delaying imposition of Medi-Cai provider rate reductions ($113 million increase). Assumes higher net cost increase for services for persons with developmental disabilities ($187 million increasq- Judiciary and Criminal Justice increases funding by $341 miiiion. reflecting elimination of realignment proposal and unrealized savings from prior budget actions. includes new reductions related to inmate health care, delayed opening of Delano EI, and other factors. Transportation Transfers sales tax revenue to fund $207 million in projects. Remaining $938 inillion in Proposition 42 transfers deferred for up to six years. Suspends transfer of sales taxes to the Public Transportation Account ($87 million) Resources increases loans from various special funds, Retains January proposal for $470 million in employee compensation savings. e Captures savings from renegotiating various state contracts ($50 million). Captures savings from proposed workers' compensation reforms ($30 million). Local Government s, Assumes VLF rate increase offsets loss of most state backfill Eliminates proposed shift of one-time $500 million redevelopment funds Maintain6 proposed ongoing $250 million shift of redevelopment property taxes Eby, � � �: � �► Current Year Page 7 of 12 In the First Extraordinary Session, the Legislature rejected a uch of the Governor's proposed mid -year reductions including $1.5 billion in across-the-board K-12 cuts and about half of the proposed specific comrmmity co .(egc reductions. Instead, the Legislature deferred $1.2 billion in funding from June 2003 to July 2003, and found additional one-time program savings. The, Governor's May Revision reflects this very different startlug place. It proposes a $38 n -i lio.n increase in current -year Proposition 98 funding (primarily re, flQcting higher student attendance), despite a �,i fight decline i n the Proposition 98 minimuin guarantee ($84 million) for 2002-03 because of lower -than --anticipated revenues, Combined, these factors result in the hti.paFlww .lao.ca.gov./2t} 3/iiiay revision/051903 __mayrrevislon,htrnl 5,129;2003 may r(,vision Page 8 o 1, rail-11MUM guarantcc being over -appropriated by $122 million in 2002-03 In 210£.13 -04, the Governor proposes appropriating S45.6 billion for Proposition 9& -right at the projected minim urn guarantee level. This is $1.5 billion above the January level. The minimunn guarantee has increased hccause tl Governor (I) rescinded his child care realignment proposal and (2) projects increases in General Fund revenues, per capita personal income, and student attendance in 2003-04. The Governor also proposes continuing the $1.2 billion in Proposition 98 deferrals from 2003-04 3-04 to 20104-05. 1.2 Eduration--Changes From January. The May Revision restores $262 million of a $612 million reduction to revenue limit funding, leaving a $350 tDillion (1.2 percent) cut. It also replaces across-the-board redactions to categorical programs with more targeted reductions (including state mandate reimbursements, supplemental instruction, and supplemental grants) and the elimination of numerous programs. In addition, the Governor provides $184 million for additional K-12 attendance and $58 million for higher Public Employees' Retirement System costs. The Governor 611ninates the proposed $250 million in funding for revenue limit equalilatioo. The Governor now proposes $806.9 million (Proposition 98 funding) for various child cave programs that were initially proposed in January for realignment. This amount includes funding for the child care needs of former C.alWORI s families expected to be eligible for Stage 3 child care in the budget year. In order to accox ni-odate increased child care costs within Proposition 98, the Governor proposes to reform the state's subsidized child care systern by tnodi.f)�ng current eligibility rules, reimbursement rate limits, and family fees. The llvlay Revision proposes to spend $69 million in federal funds to partially offset state -mandated mental health services that arc provided through county mental health agencies. Currently, county agencies provide mental health services that are required as part o f a special education student's Individual Education Plan. in past years, there mandated costs have exceeded $100 million annually, The specifies of this proposed new ming arrangement are yet to he determined. Communi , Colleges—Changes rom ,.Tannery. For the California Community Colleges, the May Revision inc;rt�ases Proposition 98 expenditures by $304.1 million above the level proposed in January. About half ($154.711 million) of this amount is due to costs associated with reducing the proposed student fee increase by $6 per unit.. (The January budget proposed to increase the per unit fee 1 -Yom $11 to $24; the May Revision now proposes an $18 per unit fee.) The other half o f the increase is due to the withdrawal of proposed cuts to apportionment ftarrd.ing ($66.6 million): the restoration o f f iding for several categorical programs ($29.6 million), and the restoration of inost funding for concurrent enrollment ($55 miliion), as well as some minor techriloal changes. Ln total, the May Revision would provide funding for about 40,000 more full-time equivalent students than the level proposed in January. �r a The May Revision contains only minor technical changes to the University of California and California State University budgets, resulting In a net reduction of Just $3.5 million from January. It shifts funding fr€ i -n the California Postsecondary Education Commission to the California Student Aid Commission, in anticipation of consolidating the t-v�lo agencies. It also makes abase reduction of $20 million for Cal Grant awards, reflQcting revised participation rate estimates for these programs. Finally, it reduces General Fund support to the Scholarshare Investment Boaxd by $16.8 million, reflecting the deferral of funding for qualified 9th and hap:/;www. lao - ca,gov/2003/iiiay_ rev", si on/051903 mayTevision, fitinl 5/2912003 gray revision I Oth grade students until they reach 12th grade. Page 9 of 12 The budget proposes about $9.8 billion in state General Fund support for Medi -Cal in 2003-04, a reduction of more than $1.1 billion (or greater than 10 percent) below the proposed current -year spending level of $10,9 bitlion. Tl e curent-year spendirAg level i s about $290 million more than assumed in the Governor's January 10 budget plan, while the budget- year spending level is about $2.8 billion higher than initially proposed. These net increases in expenditures, in comparison to the Governor's initial budget plan, reflect several factors, These Enclude the reversal of the proposed realignment of $3 billion in Medi -Cal costs, the rejection by the L.oislature of a number of significant current -year program reductions, the failure of various previously enacted budget -cutting actions to achieve the level of savings that had been projected, and new adn.iinistra.tion proposals to reverse some cuts that it had proposed earlier. For example, the administration no longer is recommending a significant reduction ire eligibility for 1931(b) working poor families, would restore some optional benefits initially proposed for elimination, and is proposing increases in nursing home and managed ged care rates that would partly offset proposed reductions for these providers. The administration has also propos-M a number of new actions, including aproposed shift in accounting methods for the Medi -Cal Program that would result in a one-time savings to the General Fund of $930 million M'2003-04 and a significant expansion of antifraud activities. Social Services As noted below, the May Revision limits the new proposed realignment plan to Ca1WORKs, Child Welfare Services, Foster Care, and AcUt Protective Services. The May Revision eliminates the 6.2 percent reductions in Cal WORKs and SS1/SSP grant levels proposed in January, However, it sustains the proposals to suspend the 2003 and 2004 state cost -of -living adjustments (COLAs) for CaIWOR s and SS1/SSP. These COLA suspensions result in combined General Fund and Temporary Assistance for Needy Families savings of about $550 million in 2003-04. The federal SS1lSSP COLA would be passed on to recipients. I i January, the Governor proposed to increase taxes by a net $8.2 billion and to shift this funding to counties and courts, along with a commensurate a.rnount of program obligations, primarily in the health and social services areasjhe May Revision redtaces the pro&gan-imatic shift of casts to counties to $1.7 billion, while providing the counties with $1.8 billion in new revenues (see earlier discussion regarding the May Revision's tax proposals). Realignment Tax Package. Revenues for the updated realignment proposal would conne from two sources: Personal eo e Tax (). Under the proposal, a rrew PIT tax rate of 10.3 percent would be cst,ablishcd for married.- Jug -joint taxpayers earning more than $300,000, and for singles earning more than $150,000, rhe new rate would be effective January 1,2003, and result in additional rc,v enucs of 1,6 billion in 2003-04 and $1.3 billion in 2004-05. (The decline in the second year i s due to the additional withholding that occurs during the initial year o fa PIT rate increase.) Cigarette Tay. The admin_i.stration's plan calls for an increase in the cigarette excise tax from the existing 87 cents per pack, To S 1.10 per pack beginning July t, 2003, and to $1.50 per pack beginning July 1, 2004. This would result in additional revenues of $267 million in 2003-04 and $678 million in 1) 004-05 ttCp:twww.Io.a.gvf2{1t13iay,��isi�i�C)51.03 ayrcvisicz.htrnl 5/29/2003 rgiay revislon Page 10 of 12 (�grams.Real ned. 'l lie revised realignment proposal involves a shift in the share -of -costs for CalWORKs, Foster Care, Child Welfare Services; child abuse prevention programs, and certain mental health prograrnse Figure 6 shows for each program to be realigned: the existing county share of cost, the proposed county share of cost, and the amount of realigned costs. In the out -wears, it appears that realigned program costs and revenues are both expected to grow by about 4 percent. Figure Governor's ised Realignment Proposal (DNlars in inions) Programs Area County Share of Cost ry Current Proposed Realigned. Costs: taci t Services CalWORKs Grants 2 5% 30% $782 CalwO Ks Employment Services and Administration MOEa 30 359 Adult Protective Services MOEa 100 61 Children and Youth Foster Care Grants 60% 8011/0 $237 Foster Care Administration 30 50 11 Child Welfare Services 30 50 197 Child Abuse Prevention, Intervention, and Treatment _ 100 12 Mental Health integrated Servicesfor Homeless 100% $55 Children's System of Care — 100 20 Total $1,734 a For these programs, counties are required to pay a fixed amount, or maintoname-of-efforE (MOE) 11111111 111;111111111liq III! As indicated earlier, the administration projects that its May Revision plan would, if adopted and its assumptions realized, result in a large General Fund operating deficit in 2004-05 of $7.9 biilion. This reflects the gap between its 2004-05 projected revenues ($713 t ]Ilion) and expenditures ($79.2 biilion). As a result, the administration estimates that under its plan, the budg et would be in deficit at the end of 2004-05. even. if ll of its May Revision proposals were adopted and $10.7 billion of the current budget shortfall was moved "off -budget" through borrowing. ,AO Findings. In order to assess the out -year iinplications o fthe plan, we developed our own out -year praj ee~t€onv, of the budget's operating balance ----Based on the plan's policy assumptions but using our own t�stl mates of both their fiscal effects artd the performance o f the economy and revenues. Our analysis indicates the following: A significant operating &66't would MdQed still exist in 2004 -05 ----in our view, ciose to $7 billion 'Our slightly lower eshmat:e compared to the administration reflects somewhat stronger revenue littp "i wwNk,,lao,c a.,gov/2003/may--revision/051903__rnayrevisioa.htrnl 5/29/2003 may revision Page 11 of 12 growth, partly offset by higher projected expenditures. A s shown in Figure 7, this operating deficit would persist over time and grow niodestly, absent corrective actions. Thus, the state cannot "grow its way" out of this problem. The persistence of the operating deficit would occur even though our projections assume a reasonably healthy annual revenue growth rate in the 6 percent range after 2004-05 and program growth in such areas as education at well below that pace. The explanation for why the deficit grows despite these favorable trends involves the various one-time borrowings and deferrals embedded in the 2003-04 budget plan, which add significantly to out -year costs. Regarding borrowing., we have identified roughly 17 billion its various types of boarowiaig solutions in the 2003-04 budget plats, representing over one-half of the total budget solutions proposed in the May Revision, The ac.cuznulation of such budget -related debt will divert some future tax receipts away from f ndirig public services in order to pay debt service expenses, and thereby leave future Legislatures with relatively fewer options and less flexibility for dealing with the budget shortfalls that will likely emerge beyond the budget year. Persistant -ap Would Reemerge Under, Governor's Plan n gal Fun (In fffio s) S.100 t;5 - 9 1� 70 653 6 -01 01-02 02-0 03-04 04-015 -o 06-07 -0 Fumcast Implications. W e believe that the reemergence of these large operating deficits in future years, absent corrective acrtiotts, along with the large amount of debt and the risks inherent in the budget proposal, [las important intplication6 for the Legislature. First, to the extent that the Legislature rejects some o f the solutions contained in the revised budget plan, it will he important that alternative solutions of at least slMilat rnagra.itude and duration he found, Its this regard, it will he especially important that it not diminish the amount of ongoing solutions present in the current.plan. l -:fore 1nipoitantly, we believe that if the Legislature adopts a mu approach such as outlined in the May Revision, it should incorporate additional ongoing solutions beyond those proposed in the cut rent budget plant. These can involve both new solutions not included in the May Revision, as well as the extension of some proposed one-time solutions (such as COLA and tax credit suspensions)to multiyear solutions. ttp:" ww ,lao.ca. ovI 003%raiay revisions051 03__mayrevi.sion.htm 5/29/2003 aiay revision knowledgments his report was prepared by Dv. c and r _ _MIE ,r _, with the assistance of many thers throughout th office. The Legislative nalysta Office (AO) is a nonpartisan office Fhich provides fiscal and policy information and dvice to the Legislature. Return t10 LAQ__ Page 12 of 12 MUM o request publications call (916) 445-4656. This report and others, as well as an spbSeri, pt,€an s-cz•vll , are available on the L O's Internet site at wv.1ao.ca.,gov. The LAO is located at 925 L Street, Suite 1000, Sacramento, CA 95814. http:i./'w w.lao,c,a,gov/2003ii ay reg isiwVO51.903 m.ayxevision. htrni 5/29/2003 Page 1 of ? � LE.,is#�E€ve Se��r�,#� Legg 'rvo Search ri< Governor Davis Releases State Budget "May Revise" o aguu Horne Can May 14tH, the Administration released a revision of the State's budget proposal formally HAT WE 00 known as the "May Revise". While this proposal shows "shows progress" over the January issuas and Advocacy proposal, there are still some concerns. Foremost is the carry-over of the January proposal cut Redevelopment Agencies (RDA) by $2.50 million in 2003-04, increasing by $50 i€Iion/y. �''r `� ""� °" after that for 14 years, Included in this proposal is the assumption that the implementing legislation will include, as it has in the past, language that would hold RDAs' sponsoring age Notwcriting (city/county) responsibie for state obligations the RDA is unable to meet due to other contra P `` cts and sp`v"re4 obligations such as bonded indebtedness, and more. MEMBER LOGIN ,Irao a�t.s. offl e Budget May Revise on California Cities -PDF, Gov r-ior's FY 2003-04 Budge! Use.narne Revise ,r DF; A Resolution t e#at rag to State -Local Fiscal Relations send a State Sud0et Rec� plan PDF, LAO's May Revise Review �'assrr:rd� Cities Set Condition for Their Support of a Budget Package Delegates from almost half of California's 477 cities voted to support a resolution that sets condif ons under which the League of California Cities could support some state cuts to citit that occur as pari of a iarger package that protects future local revenues and services. The resolution authorizes the League board of directors to support a budget recovery pack; that includes "contributions" of city funds to the state, or support for temporary taxes to finai the slate's debt, if legislators commit that they will put a measure on the ballot to crcmstltutiol protect communities from future raids on local funds. A Resolution Re.l. t.Inq to tate-Local €>,c� I Relations and a State Budget Recovery fiscal, -pc KEY RES00RCES State Sudget. Status of ;;hover pF's local cgevernrppnt budget proposals-MSWord; 20.03.-0 F sv.€..i r al's. f cf0et..r?rc; i,; tfare Lea,0u t es ands to Governor's taro pm€ pi.; LOCAL respom s vQ�a, Senate q 3um�Iie ; b;i C 't �aFQ cis l -RDF, Talking points on Serrate Republican pr•ol r DF; ssc r a EyDemocratic C u. "f ril Pgpkage" dleta_ls -xi_S; � halare."unallocated cuts. :• p _ # svroRt�, €t --an Pension ONigatpn Bond {I QBI Qu.c get package urr�m ary- # SWORD; 84partisara POB Budget PaQkage ?Ova is - xis; Assembly Re uNic an Caucus BUId 'Eck.4 <10-s cx-, Cit#o -- A Compar-is art Of Brrd0et PrOppt.Als -RDF; Irl- �ctr of the dget May Revise. on Qafifornia Cities -PDF; Governor's FY.20103-04 Budget May revise _F rt par_! of 6overnor's Ps-oposed odevelopn-aent Shifts to Cities -PELF; MaM_%tes POPPsI�W_ fc Suspe ision orRepeal in. the May Devise -PDF Legislative Analysts Office Budget Analyses; LAO An ysis; League's Reaction to_t__ACs Aqalysis; 2003-04; Overview cit the avemor's Budget -RDF; LAO's May Revise evie_w State/Local FiscalRelationship'. A Resolution Rela.ting.to. State-Locai Fiscal Rela.tions ant . t.,a,taui Rt e;ovc.yl 1 t, E F fi€ °s are nit c�.�r ? io i9� rte � er:�,i gE.ir�d --PDF; Rlefc,rnln,a CG?I fc rm-� Locai nano I 5103 by Fxecotive Director t ht1,P://WVVv',,0aC ilt!cs.org/doe,glint are tid�6660 5129/2003 League of C'alifotnla Cities Page 2of2 rAOUCy iiht �S UvC r r_-ait or - is t,tt_teS- video and fact sheet Vehicle License Fee (VLF) VLF Offset criteria Used to determine r-ar fecient 11olays —ni Gfty s.>y City Impacts of the Governor's Proposed VLF Curs -PDF, Local VLF talking poi= -its - Msword, Stemple R .sotu`Eon--Msword; Senate ,no Assembly vote on AS 4X; League press lease on Au 4h veto threat--Msword; League's Fxecuijve Committee message--MSWord Redevelopment Fund Shifts: How proposed redevelopment shifts might impact city gener `ands - MSWor:D; League_ President addresses Callfomla Redeveioprnent Association -MSWo Cai,totnia Redevelopment Association; impact of Governor's Proposed Redevelopment Shi .i'« s nor. League and CRA C)ppose Governor's RDA P,�oposal -PDF State -funded Mandates: tetter to Senate Budget Sucommittee #4-reswora State -funded ansate s that impact cities-Msword; Mandates Proposed for Suspension or Repeal in the N Revise -PDF,Controiler's Cratm:ngInstructions _for FundedMandates Transportation: League's transportation policy and issue information Booking Fees: State Controller's report of Cooking fee payments -PDF H arae . Search - Contact No e Site wrap • Employment - Newsroom a Links This site is best viewed using Internet Explorer 4.0 or higher. Click here to download its latest versic Copyright A2001 League of California Cities_ All rights reserved Privacy Policy rci , &_CCrdgjO(,_ Last Updated: Wednesday, May 21, 2003 littp://xrww.cacities,orgidoc.asp?intparentid=6660 5/24/2003