The latest cash report of the state controller through February is out. It shows revenues for the first 8 months of the year are above forecast levels by close to $1 billion. The forecast to which the report refers is not the budget passed last June but the governor's budget of January, i.e., a much more recent forecast.
Spending is up above forecast, but by around $300 million so the net is about +$700 million. Now one could point out that 8 months does not make a year and that the big revenue month of April has yet to be experienced. Still the report is fodder for anyone who wants to argue for more UC money.