Economy

xchrom

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15. California's State Budget Continues To Look Very Healthy

Tue Jan 14, 2014, 08:42 AM

Jan 2014

http://www.businessinsider.com/california-budget-surplus-2014-1

The situation has improved since then. Here is the most recent update from California State Controller John Chiang: Controller Releases December Cash Update

State Controller John Chiang today released his monthly report covering California's cash balance, receipts and disbursements in December 2013. Revenues for the month totaled $10.6 billion, surpassing estimates in the state budget by $2.3 billion, or 27.7 percent.

Total revenues for the fiscal year-to-date were $2.5 billion ahead (6.4 percent) of budget estimates.

"Revenues for the first half of the fiscal year are well ahead of estimates and reflect a surging economy fueled by a boom in technology, rising exports, improving consumer confidence, and a new housing upswing," said Chiang.

Read more: http://www.calculatedriskblog.com/2014/01/update-california-budget-surplus.html#ixzz2qNNubjIB

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