It appears the state's economy "will be slower in the months ahead than it appeared a couple of months ago," said Stephen Levy, director and senior economist of the Center for Continuing Study of the California Economy in Palo Alto. So the state is "unlikely to get an extra $4 billion in revenues from general growth."
Early this week, Controller John Chiang will announce the state's cash receipts from July. In June, the state received $80 million less than it expected, according to H.D. Palmer, a spokesman for the Department of Finance. Bay Area News Group
January they say.
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