State swimming in money?

The Legislative Analyst's Office latest estimates talk of $1 to $2 billion more in state general fund revenue this fiscal year than was projected in the budget. That estimate will fuel talk about more money for UC. LAO also points out, however, that the additional money - due to Prop 98 - will mainly go to K-14. However, despite that proviso, the governor will find it more difficult to fend off legislative pressure for adding something to the higher ed budget.

The LAO's report is at http://www.lao.ca.gov/LAOEconTax/Article/Detail/54