• 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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