Budget Revenues Already Shaky

August 9, 2011 · Filed Under CA Budget, CA Economy, The Governor · 1 Comment 

If Governor Jerry Brown's first budget is going to survive without even deeper cuts to schools, health care for the poor, and public safety, things are going to have to get a lot better than they were in July.

And fast.

Newly released receipts show the state missed the mark for revenues in July by $538.8 million, a 10.3% over-assumption in the budget Brown signed into law on June 30.
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