Wednesday, April 25, 2012

California's Budget Gap Worse Than Expected

This just in from Sacramento: CA's budget gap worse than expected. Tax revenues are lighter than Governor Jerry Brown projected.

The nonpartisan Legislative Analyst's Office said total personal income tax collections would likely be more than $2 billion below Brown's expectation of $9.4 billion for the month. Because the state was already running behind, it would mean PIT revenues would be $3 billion shy for the fiscal year compared to Brown's updated January projections.

Read more here:

Just a few billion shy.

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