The state isn’t running out of cash. And there are 7 months to go in this fiscal year. But note that these numbers are coming in at a time when the governor and the Dept. of Finance are preparing next year’s budget for presentation in early January. So don’t expect great windfalls for UC when that budget comes out.
You can find the controller's report at http://www.sco.ca.gov/Files-EO/fy1213_nov.pdf
Like the song says: