STATE REVENUE UPTICKS UNEXPECTEDLY

Earlier this week, State Controller John Chiang released his agencies monthly report on California’s cash balance, receipts and disbursements for September 2013. Revenues for the month totaled $8.5 billion, beating estimates in the state budget by $426.8 million, or 5.3 percent. We hope this is a sign that the economy and the state finances are heading in the right direction.

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