Controller Releases February Cash Update
SACRAMENTO – State Controller John Chiang today released his monthly report covering California’s cash balance, receipts and disbursements in February 2014. Revenues for the month totaled $5.6 billion, surpassing estimates in the 2014-15 Governor’s Budget by $968.9 million, or 20.9 percent. “Driven by strong retail sales and personal income tax withholdings, February receipts poured in at…