State Controller John Chiang has released his monthly report covering California’s cash balance, receipts and disbursements in October, showing revenues came in well below projections from the recently passed state budget. Jacob Roper is spokesperson for the Controller’s office.
“You know October was actually quite disappointing month. The revenues have gone down $810 million from projections from the governor’s department of finance. Altogether we’re about 1.5 billion dollars behind what was expected in the budget.”
Some other encouraging figures there were 10 thousand more auto registrations this year compared to last. Single family home sales are up slightly and foreclosures are down about 10,000 from this quarter last year. The state has also added about 180 thousand jobs.