More Cash

The latest cash report from the state controller shows revenue running ahead of the budget forecast for the first 5 months of the fiscal year to the tune of over $2 billion.

Apart from the official reserve, the state has unused borrowable cash from all sources over $10 billion ahead of forecast levels.

Whether these development produce extra benefits for UC remains to be seen. But it's hard to be gloomy, even with the stock market's current volatility.

The report is at https://www.sco.ca.gov/Files-ARD/CASH/November%202018%20Statement%20of%20General%20Fund%20Cash%20Receipts%20and%20Disbursements.pdf