State Controller John Chiang reports that California's revenues in November were above projections, largely on the strength of corporate taxes. But the state's chief financial officer warns "we are not out of the woods."
The numbers come in Chiang's monthly report on the state's cash balance. If that sounds exciting to you, then click here.
For the month, General Fund receipts were $62 million, or 1 percent above estimates, with corporate taxes up by $113 million, while income taxes fell $24 million shy of projections.
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