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Tuesday, April 11, 2017

Ahead or Behind?

The latest cash report from the state controller has revenues through March either ahead or behind projections. We are ahead by 1% compared to projections made in January at the time of the governor's budget proposal for next year. We are behind by 0.7% compared to projections when this year's budget was approved last June. Of course, the big dollop of revenue is due this month (April) when income taxes are due.

The controller's report through March is at:
http://sco.ca.gov/Files-ARD/CASH/March%202017%20Statement%20of%20General%20Fund%20Cash%20Receipts%20and%20Disbursements.pdf

So are we ahead or behind? It depends on how you look at it:
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