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Wednesday, May 10, 2017

Coming up short

The state controller confirms what we already knew: That state revenue results for the current fiscal year are coming in below past projections:

Forecast revenue for FY2016-17 for July-April

As projected as part of last June's
budget for this year:                   $98.7 billion

As projected as part of last January's
budget for this year:                   $97.1 billion

Actual revenue through April:           $96.9 billion
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Source: http://sco.ca.gov/Files-ARD/CASH/April%202017%20Statement%20of%20General%20Fund%20Cash%20Receipts%20and%20Disbursements.pdf

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