Not Getting Close in April (And We Won't) - Part 2

We are now in the period where in normal times cash receipts to the state would be surging. Of course, with the tax deadline shifted from mid-April to mid-July, it isn't happening. A more important effect would be the receipts of tax withholding and estimated taxes for the 2020 year. We will see. But as is obvious, the state budget outlook is dark. One unknown element at this point is what will emerge from the federal government in the form of further aid to states, local governments, and public universities.

Source of chart: https://sco.ca.gov/2020_personal_income_tax_tracker.html