The 'Roller Coaster' of California State Budgeting after Proposition 13

29 Pages Posted: 6 Feb 2008

See all articles by Robert W. Wassmer

Robert W. Wassmer

California State University, Sacramento - Department of Public Policy & Administration

Date Written: May 12, 2006

Abstract

The purpose of this paper is to investigate the factors that have produced the boom-to-bust budget cycles that the State of California has experienced since the passage of Proposition 13. This is first done by examining historical budget patterns for the State to see if there is any evidence that they differ from what has been observed for states as a whole. The specific circumstances in California - constitutional restrictions, revenue reliance, demographics, future concerns, and public opinion - responsible for its budget patterns are then described. The paper concludes with a description of how the State's budget faired during the last business cycle and suggested policy reforms that could help alter the expected course of California's budget outcomes over such future cycles.

Keywords: State and Local Public Finance, California, Budgets

JEL Classification: H72

Suggested Citation

Wassmer, Robert William, The 'Roller Coaster' of California State Budgeting after Proposition 13 (May 12, 2006). Andrew Young School of Policy Studies Research Paper No. . Available at SSRN: https://ssrn.com/abstract=1088483 or http://dx.doi.org/10.2139/ssrn.1088483

Robert William Wassmer (Contact Author)

California State University, Sacramento - Department of Public Policy & Administration ( email )

Sacramento, CA 95819-6081
United States
916-278-6304 (Phone)
916-278-6544 (Fax)

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