Controller: May Revenues Up, Signs of ‘Weakness’ Seen
In his monthly budget newsletter, State Controller John Chiang (D)Â said that Californiaâs May revenues were $83.5 million above estimates for the month, citing "strong growth in the insurance tax." However, he warned that the "major drivers of revenues in the state are still showing signs of weakness." Chiang said that "June revenues are the ones to watch" and that the "last month of the fiscal year is now the biggest."
- "California 'Not Out of the Woods' Says Controller" (Brown, San Francisco Business Times, 6/11).