Budget Act of 2011.

Existing law requires the Legislature to pass a Budget Bill making appropriations for the support of state government for the ensuing fiscal year. This bill would amend the Budget Act of 2011 to require the Director of Finance to forecast General Fund revenues for the 2011–12 fiscal year by December 15, 2011, and to determine whether that revenue forecast or the Legislative Analyst's November 2011 General Fund revenue forecast is higher. Under this bill, the Director of Finance would be required to make reductions to specified items of appropriation if the higher revenue forecast is less than $87,452,500,000 and to make additional reductions to specified items of appropriation if the higher revenue forecast is less than $86,452,500,000. This bill would also provide that items of appropriation in the Budget Act of 2011 shall be reduced as appropriate to reflect any funds used from the Trial Court Security Account, the Social Services Subaccount, or from other accounts or subaccounts of the Local Revenue Fund 2011, and would require the Director of Finance to allocate the necessary reductions to each item of appropriation to accomplish the reductions required by this bill. This bill would declare that it is to take effect immediately as a Budget Bill.