The latest cash report from the state controller can be read in two ways. For the first eleven months of the current fiscal year, revenues are about $4.5 billion ahead of projections made when the budget was originally enacted last June. But it is about $780 million behind projections made by the governor as part of his May Revise budget.
Source: https://www.sco.ca.gov/Files-ARD/CASH/May%202018%20Statement%20of%20General%20Fund%20Cash%20Receipts%20and%20Disbursements.pdf
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