Analysis of Governor’s May Revision
Overall, the May Revision contains positive news for California’s economy, General Fund revenues, and Proposition 98 funding. We have known for several months that tax revenues are higher than what was projected in the January budget proposal, but several variables related to the Proposition 98 minimum guarantee formulas indicated that recent increases in tax receipts […]
- Posted by CCIS
- On May 11, 2018 Read More