A Billion+ Didn't Arrive

Actually, he probably never said it. But anyway, according to the latest cash report through January from the controller, state revenues to the general fund are running something over $1 billion below estimates made last June when the current budget was enacted.

Note that the state is not facing a crisis. It has, according to the same report, unused borrowable reserves of over $42 billion. These reserves include the various accounts directly related to the general fund plus other accounts from which internal borrowing is allowed. And April, for obvious reasons, remains a very important month for yearly revenue. So we will see.

The controller's latest cash report is at:
https://www.sco.ca.gov/Files-ARD/CASH/January%202019%20Statement%20of%20General%20Fund%20Cash%20Receipts%20and%20Disbursements.pdf