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State Revenues Come in Above Estimates

State Revenues Come in Above Estimates

Some good news and bad news coming out about California's cash numbers.

State Controller John Chiang has announced that revenues for the month totaled $12.2 billion, surpassing estimates in the 2014-15 Governor's Budget by 3.3 percent.

Controller Chiang says most of this came from better-than-expected tax receipts, especially those coming from paychecks.

He says that could indicate that Californians are working and earning more.

The state still has a $12.6 billion deficit. But that is down a little over $3 billion from January of last year.

 

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