Government & Politics

California State Controller John Chiang released his monthly revenue report today. Revenues fell way below projections for July, but state finance officials say it’s not so bad.

The controller says July revenues were $475 million short. The State ended the last fiscal year with a cash deficit of $9.6 billion. As of July 31, that cash deficit totaled $18 billion, and is being covered with temporary loans from special funds. State Controller John Chiang called the collections “disappointing.” Republican Senator Tom Harman says he’s concerned the state will run out of cash soon.

California voters won’t see much change in the language of Proposition 34. A judge sided with those who want to repeal the death penalty that the November ballot language is not misleading.

Sacramento Superior Court Judge Timothy Frawley upheld his previous decisions on the death penalty ballot measure. He ruled that the ballot’s title and summary written by the state’s attorney general is not misleading. But he did order one slight change in the ballot’s arguments about savings that would result from eliminating the death penalty.

The Chair of a California Assembly committee looking into the state’s special funds accounts called the parks department scandal “shameful” today. As Amy Quinton reports from Sacramento, lawmakers asked finance officials for assurances that there are no more hidden assets.

At issue is how $54 million in surplus Parks department funds could remain hidden for 12 years. An audit last week also found discrepancies in other state special funds accounts. Assemblymember Bob Blumenfield chairs the oversight committee.

A bill that would create a retirement plan for California private sector workers who have no pensions or 401-K’s is facing intense opposition from business groups. The bill was heard today by the Assembly Appropriations Committee.