More Money

The latest cash report of the state controller through February is out.  It shows revenues for the first 8 months of the year are above forecast levels by close to $1 billion.  The forecast to which the report refers is not the budget passed last June but the governor's budget of January, i.e., a much more recent forecast.

Spending is up above forecast, but by around $300 million so the net is about +$700 million. Now one could point out that 8 months does not make a year and that the big revenue month of April has yet to be experienced.  Still the report is fodder for anyone who wants to argue for more UC money.

You can find the report at http://www.sco.ca.gov/Files-ARD/CASH/fy1415_march.pdf