But Chiang said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year. Meanwhile, Chiang said, the state is spending $2.6 billion more than state leaders planned on.So even if they had gotten their magically optimistic level of tax revenue, they still spent even more than that. Genius.
p.s. And as usual, California, stay in your own damn state. You made the mess, you live with it.