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California revenues miss mark in September

posted Oct 10, 2011, 7:25 PM by Gary Jones
Last week, the governor signed California's "Dream Act." The state budget, hoping for massive increases in revenues, seems to be a real dream act. The Sac Bee addresses the revenue issue in the following article:

"[The] $4 billion bump [needed to balance the state budget] has attracted plenty of skepticism. Gov. Jerry Brown and Democratic lawmakers have defended the optimistic assumption by pointing to as much as $2.5 billion in cuts to schools and social services they prescribed in case the money never materializes." (emphasis added)

"For the first three months of the fiscal year, from July to September, California is now $705.5 million, or 3.6 percent, behind what state leaders expected by this point."

Read more: SacBee