On the way to trigger
The Legislative Analyst’s Office (LAO) released the following statement on its most recent projection of California state revenue. Translation: So far, it looks like the budget trigger will be pulled (which means more cuts for UC). Below is the text: Despite today’s weak national employment report for the month of August, preliminary reports from California’s tax agencies on personal and corporate income tax receipts for the month tell a “good news/bad news” story. On the one hand, the tax data indicates that the California economy is continuing to recover from the recession, albeit very sluggishly. This slow recovery is essentially…
