Saturday, November 10, 2018

Still Running Ahead

Although somewhat less cash came to the state in October than was projected back when the budget was put together in June, the state is still running ahead of projections by about $1 billion in receipts for the first four months of the fiscal year. So Governor-elect Newsom doesn't have to panic. But he will have to submit a proposed budget for fiscal 2019-20 shortly after taking office in January. And that budget will presumably give some indication of the new governor's priorities.

You can find the controller's cash statement for October at:

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