The Way It Is; The Way It Was

California has deferred its tax-due date for its personal income tax from mid-April to mid-July. The personal income tax accounts for almost 7 out of 10 dollars going into the state's general fund. The result, predictably, is less cash going into the state's coffers.

Here is this year (latest data from the state controller):

Last year, the revenue that arrived exceeded the governor's January projection: Here is the chart for last year: