Tuesday, March 12, 2019

Cash report through February

According to the state controller, during the current fiscal year through the end of February, the state received about $3.3 billion in revenue BELOW what Gov. Brown's forecast was when the current fiscal year budget was adopted last June. It is also about $4.2 billion below what Gov. Newsom forecast in January.

The gap between forecast values and actual values does not mean that the state is running out of cash. There is up to about $38.6 billion in unused borrowable reserves available (including the various reserve funds). However, there are some signs of an economic slowdown appearing.


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