Tuesday, February 19, 2013

California govt: So, that budget surplus we mentioned? That may have been a fluke

Gov. Jerry Brown’s budget office has a new report out cautioning that the $5 billion revenue bump in January might just be the result of an accounting anomaly and not any systemic budgeting victory. - Erika Johnsen/HotAir

California's budget windfall could end soon, officials say - LA Times

The administration was expecting that money to arrive in April. Now, officials are saying it won't, and that just as January's receipts soared, they'll be offset by a spring plunge.