✉news BusinessEconomy first seen 1 d ago, last 9 h ago, peak #1
California revenues top forecast by $2.9 billion
Original: NEW: California revenues come in $2.9 billion above forecast as state’s innovation economy continues to grow
California announced that state revenues came in $2.9 billion above forecasts, which officials attribute to continued growth in the state's innovation economy. The stronger-than-expected collections give Sacramento more fiscal room than budget planners anticipated. The announcement is drawing attention as other states face tighter budgets and as debate continues over California's economic outlook and spending priorities.
Why now: Stronger-than-expected state revenue is significant news amid ongoing debate over California's budget and economy
Evidence
- NEW: California revenues come in $2.9 billion above forecast as state’s innovation economy continues to grow · California State Portal | CA.gov
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