How We Closed the Budget Gap

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Table displaying dollar amounts for 2007-08 and 2008-09. Workload Reserve -$3,318, -$14,479. Impact of 2007-08 Solutions on 2008-09 Beginning Reserve $0, $4,190. 10-Percent Reductions $217, $9,132. Sell Economic Recovery Bonds $3,313, $0. Proposition 58 Suspension $0, $1,509. Reduce Proposition 98 Overappropriation $400, $0. Other Special Session Reductions $200, $96. Accrual of June Personal Income Tax and Corporate Tax $0, $2,001. Franchise Tax Board and Board of Equalization collection and enforcement enhancements $60, $329. Reserve at Governor's Budget $872, $2,778.