California Revenue Falls Below Governor Brown's Projections
SACRAMENTO (CBS / AP) -- Just a week after Gov. Jerry Brown made his pitch for tax hikes and more spending cuts, the state controller is reporting that California is collecting less revenue than the governor projected.
Controller John Chiang on Tuesday released his cash report for December. He says monthly revenue was $165 million below what Brown projected last week in his 2012-13 budget proposal.
Chiang said the latest figures "create growing concern that legislative action may be needed in the near future" to ensure the state can keep paying its bills.
The Democratic governor wants deeper cuts to welfare, health care for the poor and other social programs before asking voters to pass temporary tax increases in November.
Democratic lawmakers, who control the Legislature, have indicated they don't want to make those cuts.
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