Today's Wait

Yours truly is waiting patiently for the cash statement of the state controller for the full fiscal year 2016-17 that just ended. It typically emerges around now (July 10). The statement gives an alternative look at what actually happened in last year's state budget. Because it is a cash statement, the numbers are less subject to fiddling than the official budgetary figures, which are subject to creative accounting. We'll see what emerges.

Of course, we are also waiting for the Regents meeting of later this week.