Even before April began, state revenues were already about $1 billion short. Now, says Jason Sisney with the Legislative Analyst's Office…
Sisney: "We may be about $3 billion behind the track that the governor expected."
That means the $9 billion dollar deficit Brown announced in January will almost certainly go up. Sisney says lower capital gains and corporate taxes are the leading causes of the shortfall.
Sisney: "That is a very troubling trend and it means potentially much less revenues for the state - not just this year but into the future."
The governor's updated budget proposal - and with it, the state's new deficit figure - is due out in the next couple of weeks.