State Controller John Chiang today released his cash statement for the first 4 months of fiscal year 2011-12. Tax revenue is falling short of projections by about $1.5 billion. He warned that weak revenue inflows are raising the likelihood that the budget trigger will fire, further cutting UC's budget. See http://sco.ca.gov/Files-ARD/CASH/fy1112_oct.pdf and http://sco.ca.gov/Files-EO/11-11summary.pdf
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Thursday, November 10, 2011
Controller Warns of Budget Trigger
State Controller John Chiang today released his cash statement for the first 4 months of fiscal year 2011-12. Tax revenue is falling short of projections by about $1.5 billion. He warned that weak revenue inflows are raising the likelihood that the budget trigger will fire, further cutting UC's budget. See http://sco.ca.gov/Files-ARD/CASH/fy1112_oct.pdf and http://sco.ca.gov/Files-EO/11-11summary.pdf
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