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State Revenues Come in Above Estimates

State Revenues Come in Above Estimates
Posted February 10th, 2014 @ 1:49pm by KFBK News - Scot Murdoch

Some good news and bad news coming out about California's cash numbers.

State Controller John Chiang has announced that revenues for the month totaled $12.2 billion, surpassing estimates in the 2014-15 Governor's Budget by 3.3 percent.

Controller Chiang says most of this came from better-than-expected tax receipts, especially those coming from paychecks.

He says that could indicate that Californians are working and earning more.

The state still has a $12.6 billion deficit. But that is down a little over $3 billion from January of last year.

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