Californians have been cutting spending, according to a new report, in stark contrast to the state government, which continues to spend more than it takes in.
The latest figures show state revenues last month were $811 million below projections. Nearly a billion dollars in just one month. Fiscal year to date, state income is running $1.5 billion below projections while state expenditures are $1.7 billion above — a $3.2 billion gap.
On the other hand, individual Californians appear to be doing a better job reining in spending.
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