Nothing to See Here - Really!

Usually, when you are told there is nothing to see, there is something. And usually, when the state controller's monthly cash report comes out, we take note of it within a reasonable time.

In the case of the July report - just one month into the 2025-25 fiscal year, there really was nothing exciting to see. Of course, one month does not a year make. But revenues came in more or less as forecast in July. State unused borrowable resources are down from what they were a year ago, in part because we have run down various reserves related to the General Fund. But that is old news.

You can see the July 2025 cash report at:

https://sco.ca.gov/Files-ARD/CASH/July2025StatementofGeneralFundCashReceiptsandDisbursements.pdf.