Johnny Dollar Reports

There used to be an old radio show, "Yours Truly, Johnny Dollar."   The closest we now have in California is state controller John Chiang who provides monthly cash reports on the state's budget.

For the first quarter of the current fiscal year (2012-13), we are behind on revenue by about $200 million (which is really noise given the size of the budget).  We spent, however, over a billion dollars more than budgeted for the first quarter.  The extra spending seems to be occurring in the social welfare area.  It's not K-12 or higher ed.

Anyway, if the budget estimate on revenue had been way off, probably either plus or minus, that would not have been good for the prospects of Prop 30, the governor's tax initiative.  You can find the cash report for the first quarter at:
http://www.sco.ca.gov/Files-ARD/fy1213_sept.pdf

As for the extra spending, radio's Johnny Dollar bragged about padding his expense account: