• NEWS 90.9 KXJZ Sacramento
  • 90.5 KKTO Tahoe/Reno
  • 91.3 KUOP Stockton
  • 88.1 KQNC Quincy
  • MUSIC 88.9 KXPR Sacramento
  • 91.7 KXSR Groveland/Sonora
  • 88.7 KXJS Sutter/Yuba City

State Controller releases April revenue figures



Share | |
(Sacramento, CA)
Friday, May 07, 2010
By Megan Hansen

California’s cash intake last month dropped more than $3.5 billion below the governor’s budget estimates. State Controller John Chiang released the latest figures today. They show a revenue drop in the last ten days of April so big it erased gains from previous months.  Here’s the controller’s spokesman, Jacob Roper:
 
Roper: “Now the sales taxes continued to climb slowly in April, but corporate taxes and personal income taxes definitely went down.”
 
The state started the fiscal year with a nearly $12 billion budget deficit. Now it faces a cash deficit of more than $20 billion. Chiang says the governor and lawmakers must come to a consensus soon because delay will limit their options in dealing with the deficit.
 
The governor will release his much-anticipated “May Revise” budget later this month.
We Get Support From:
Become a Supporter

We Get Support From:

Become a Supporter