Capitol Alert
The latest on California politics and government
November 14, 2011

The budget news remains downbeat, but the state Department of Finance reported Monday that the state’s revenue gap is less than what Controller John Chiang said last week.

The state is $1.275 billion behind in revenues for the first four months of the fiscal year, or 5.1 percent. Chiang said last week that the gap was $1.5 billion, or 6.2 percent. Department of Finance totals typically vary because of a delay in when agencies report their cash totals to the controller.

For the month of October alone, Finance said the state was $608 million short, or 10.5 percent.

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