Today, the state controller has issued his cash statement for the first eleven months of this fiscal year and it appears that revenues so far are short by - you'll never guess! - $4 billion compared to the budget passed last June.
Must be a coincidence.
In any case, you can find this information and more in the controller's cash statement (page B1) at:
http://www.sco.ca.gov/Files-ARD/CASH/fy1112_may.pdf
We did ask for an explanation from someone in the legislature:
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