The California Department of Finance

The Department of Finance is in the executive branch of California state government and, as such, is part of the governor's administration. Its principal functions are to prepare, enact, and administer the state's annual budget; establish appropriate fiscal policies to carry out the state&...

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Bibliographic Details
Published inBusiness economics (Cleveland, Ohio) Vol. 39; no. 4; pp. 68 - 70
Main Author Roth, Howard L.
Format Journal Article
LanguageEnglish
Published Basingstoke National Association of Business Economists 01.10.2004
Springer
Palgrave Macmillan
Subjects
Budgets
Business economics
Corporate profiles
Economic development
Economic forecasting
Economic forecasts
Economic indicators
Economic legislation
Economic recessions
Economic statistics
ECONOMICS AT WORK
Economists
Expenditures
Financial budgets
Financial economics
Fiscal policy
Fiscal years
Forecasting
Forecasts and trends
Government agencies
Government budgets
Government regulation
Governors
Growth rate
Laws, regulations and rules
Legislation
Market trend/market analysis
Personal income
Press conferences
Revenue
Securities markets
State budgets
Statistical forecasts
Tax increases
Tax revenues
Wages & salaries
California
United States > US
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Summary:The Department of Finance is in the executive branch of California state government and, as such, is part of the governor's administration. Its principal functions are to prepare, enact, and administer the state's annual budget; establish appropriate fiscal policies to carry out the state's programs; and analyze legislation with a fiscal impact on the state. The economics unit contributes to all three functions, but its primary responsibility is producing the economic forecasts on which budgets are based. The Planning Estimate forecast, developed in September, begins a new budget cycle and is the department's first take on the economic outlook for upcoming fiscal year - the budget year. The economics unit also helps with the analysis of legislation that has a fiscal impact on the state.
ISSN:0007-666X
1554-432X