Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact
- Additional state revenues of about $275 million in 2004-05 (partial year), $750 million in 2005-06, $800 million in 2006-07, and probably increasing amounts annually thereafter, with comparable annual increases in expenditures by the state and counties for the expansion of mental health programs.
- Projected savings on state prison and county jail operations, on medical care expended, homeless shelters, and social services programs.
- The magnitude of these potential savings to the state and local agencies is unknown, but is projected to be as high as the low hundreds of millions of dollars annually on a statewide basis.
Read more about this topic: California Proposition 63 (2004)
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