The new state budget relies on four billion dollars in extra
revenue - and lays out specific areas for "trigger cuts" if that
projection falls short. The State Controller's office says so
far, revenue has fallen short - by more than half a
billion dollars last month.
If that trend continues and the trigger cuts kick in, the
University of California and California State University systems
would see deeper cuts, likely resulting in extra tuition
increases. Health care and social programs would lose money
too. And school districts might have to eliminate up to seven
days of classes.
The decision over whether to pull those triggers won't be made
until the end of this year.
UPDATE: The governor's Department of Finance says it thinks
July revenues may end up being a bit higher than the Controller's
office projects.