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Budget Update

Budget Update. Santa Paula Elementary School District March 13, 2012. Economic and Revenue Update. Job growth rising Unemployment still high 11.1% for December 2011 Housing market remains troubled Corporate profits/Technology companies booming Federal policy uncertainty.

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Budget Update

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  1. Budget Update Santa Paula Elementary School District March 13, 2012

  2. Economic and Revenue Update • Job growth rising • Unemployment still high • 11.1% for December 2011 • Housing market remains troubled • Corporate profits/Technology companies booming • Federal policy uncertainty

  3. Economic and Revenue Update • LAO forecast for tax revenues for the 2011-12 & 2012-13 fiscal years down • $6.5 billion compared to Governor’s January proposal • $8.5 billion if Facebook-related revenues are omitted

  4. Tax Initiatives

  5. Budget Update – No Mid-year cuts

  6. Budget Update – Mid-year cuts

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