Confirmation

We noted in an earlier post that the LAO was indicating that state revenues were running behind the governor's latest projections.*

Now the state controller's cash statement is confirming the report.

...January state revenues fell short of projections included in Gov. Jerry Brown’s budget proposal by $239.8 million, with both the personal income tax and the retail sales and use tax failing to meet projections, State Controller Betty T. Yee reported today...

You can find the reports at http://www.sco.ca.gov/Files-ARD-Local/LocRep/07_January_2016.pdf and http://www.sco.ca.gov/Files-EO/1-16summary.pdf
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*http://uclafacultyassociation.blogspot.com/2016/02/cautionary-note-from-lao.html