Live Webcast of CA Budget Signing

Governor Gray Davis plans to sign the 2000-01 budget for the State of California in a live webcast on Friday, June 30 at 11:30 a.m. on the east steps of the Capitol building. Viewers can see the ceremony with RealMedia's Real Player or Microsoft's Windows Media Player. The May Revision to Governor Davis’ January Budget provides updated economic andrevenue forecasts, as well as the latest caseload, enrollment, and population information forprograms in the education, public safety, and health and human services areas.California’s economy continues to be robust. Revenues are forecast to be above the levelsforecast in the January Budget by $5.764 billion in the 1999-00 fiscal year, and by$6.555 billion in the 2000-01 fiscal year, for a combined two-year increase of $12.319 billion. Among the highlights: Transportation -- $2.2 billion over five years from the sales tax on gasoline, plus a $1.5 billion general fundappropriation, and $1.6 billion in future general fund appropriations to fund GovernorDavis’ Traffic Congestion Relief Plan. Housing -- $500 million to increase the supply and affordability of an array of housing options. Environment --$75 million, to be matched with non-state funds, to provide $150 million for theacquisition of open space, wildlife habitat and park lands; $125 million to implement the CALFED Bay-Delta program; $125 million for the cleanup and redevelopment of contaminated land.

Thanks to Chris Steins