Tuesday, May 04, 2010

Plunge in state revenue dashes hopes of an easy budget fix

The L.A. Times reports:
Revenue for April, the biggest revenue month because it is when most Californians pay their taxes, lagged projections by nearly 30% — roughly $3 billion, according to state officials. The drop was steep enough to erase improvements recorded in each of the four previous months.
California is looking for the federal government to "help" them out.