State May revenue collections slow

Disappointing state revenue collections for May – $107.2 million below the estimate – could make it more difficult to collect the amount of money needed to fund the budget for the upcoming fiscal year, which starts July 1.

The May shortfall leaves revenue $84.5 million below the final, official estimate for the current fiscal year through May. It does not appear revenue collections will fall far enough below the estimate to impact the budget for the current fiscal year.

Daily Journal