Fiscal Situation Update: Analysis of the Governor’s Budget Request for Fiscal Year 2015

This Fiscal Update Report prepared by the Center for the New Economy (“CNE”) presents our independent analysis of the proposals contained in the Governor’s budget request for fiscal year 2015. The analysis set forth below is based on CNE’s own independent evaluation and interpretation of the budget data, rather than the Administration’s, and may incorporate estimates made by CNE’s staff or by other private sector analysts. Our analysis also includes a review of the fiscal trends for the fiscal year 2014, which ends on June 30, as well as an update of ten budget indicators that we have followed over the last eight years. The analysis presented in this Report is based on data available as of June 11, 2014.