TAILIEUCHUNG - Uncharted Waters: Navigating the Social and Economic Context of California’s Budget

In the business sector, real investment in equipment and software rose at an annual rate of more than 20 percent over the first half of the year. Some of these gains no doubt reflected spending that had been deferred during the crisis, including investments to replace or update existing equipment. Consequently, investment in equipment and software will almost certainly increase more slowly over the remainder of this year, though it should continue to advance at a solid pace. In contrast, outside of a few areas such as drilling and mining, business investment in structures has. | IFORNIA BUDGET PROJECT 1107 9th Street Suite 310 Sacramento California 95814 916 444-0500 cbp@ Uncharted Waters Navigating the Social and Economic Context of California s Budget A PRESENTATION BY THE CALIFORNIA BUDGET PROJECT May 2009 Why Do Budgets Matter Nearly three-quarters of every dollar spent through the state s General Fund flows to individuals health providers schools and local governments. The decisions made in this year s budget debate affect the daily lives of all Californians - from the quality of our public schools to the roads we drive on and the air we breathe. Many of the decisions made as part of budget deliberations - such as changes in tax policies the base for the state s school funding guarantee and decisions to place constitutional limits on the budget and budget process -will affect Californians for decades into the future. Most State Dollars Go to Local Communities and Individuals 2009-10 Proposed General Fund Spending

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