California Controller John Chiang said in report Tuesday that the state ended the fiscal year with a $1.4 billion shortfall that was $1 billion less than expected.

The government ended the fiscal 2012 on June 30 with $87.8 billion in receipts and $89.2 billion in disbursements, a narrower gap that expected due partly to $606 million less spending than had been estimated in Gov. Jerry Brown’s May Revise budget.

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