Saturday, January 10, 2015
At the 6th month mark
Because of seasonality of revenue flows, there is still a large negative balance in the general fund reserve, about $16 billion in internal and external borrowing.
You can find the new controller's statement at:
[Yes, yours truly knows that the big news is the governor's budget proposal but he is in transit and so will get to the governor's plan when he can. However, the controller also commended the governor for being fiscally prudent: http://www.sco.ca.gov/PDF-Var/eo_pressrel_15955.pdf]