NEWS: Shaky Start: Revenues $539 Million Below Projections in Controller’s Latest Cash Update

According to CaliforniaCityNews.org Controller John Chiang’s latest cash update on the state’s finances shows that revenues were down $538.8 million (-10.3 percent) below projections from the recently passed state budget fueling criticism that the newly-approved budget relies on projections that are far too rosy for our current economic realities.

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