And on Wednesday, state Controller John Chiang announced that revenue in May was $827 million below the latest projections cited in Schwarzenegger’s latest budget revision.
Without immediate solutions from Sacramento, Chiang warned that the state was “less than 50 days away from a meltdown of state government.”
The latest figures put California on track to run $2.78 billion into the red on July 31, according to Chiang’s latest round of projections.
The state started the fiscal year, July 2008, with a $1.48-billion cash deficit, but that grew to $19.8 billion as of May 31, according to the state controller’s office.
Reps to attend picnic, talk politics in park
State Sen. Carol Liu, Assemblyman Paul Krekorian and Councilman David Gordon are scheduled to attend a picnic hosted by the Burbank Democratic Club Saturday at McCambridge Park.
The Burbank Animal Shelter will also hold a pet adoption as part of the picnic event, which is open to the public. Organizers are asking for donations to the shelter, such as canned or dry pet food, cat litter, blankets and pet toys.
Other officials, including Reps. Adam Schiff and Brad Sherman, have also been invited to attend as residents talk politics over refreshments.
The picnic will take place in Area 4 of the park, along San Fernando Road, from 11 a.m. to 2 p.m.
