This policy brief compares the economic impact of the Governor's 2010-2011 budget with an alternative budget approach that includes revenue increases. The Governor's cuts-only approach would result in the loss of 331,000 full-time equivalent jobs, $36 billion in economic output and $1.9 billion in state and local tax revenue, mostly as a result of cuts to major health and human services programs that bring in significant federal matching funds. A mixed budget approach that includes revenue increases would result in half the reduction in economic output, save $1.1 billion in state and local tax revenue, and save nearly 244,000 jobs.
Source: U.C. Berkeley Labor Center
Download pdf policy brief | Link to UC Berkeley Labor Center
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