Echoing a similar report released by the state controller’s office last week, California’s Department of Finance this week reported that general fund revenue in August was lower than expected.

This came even after revenue projections were revised downward as part of budget revisions adopted by the Legislature in July.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.