Quick hits
by TP staff
Oct 10, 2009 | 435 views | 0 0 comments | 1 1 recommendations | email to a friend | print
Quick hits:

• What passes for good news in California: “While there are encouraging signs that California’s economy is preparing for a comeback, the recession continues to drag revenues down. I urge lawmakers and the governor to prepare for more difficult decisions ahead.” — California Controller John Chiang.

By the numbers:

• $1.1 billion: Amount Chiang said state revenue lags behind this year’s budget projections.

• 10 weeks: How old the state budget is.

• $934 million: Amount personal income tax revenue lags behind estimates.

• $183 million: Lag in corporate taxes.

• $99.8 million: Lag in sales taxes.

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