Or perhaps this should be titled, no news isn’t good news.
First, income tax collections were $1 billion under projections in June. That shouldn’t be a surprise to anyone; when people aren’t making as much money they don’t pay as much in taxes.
There’s no news of any progress in budget talks. That should also not come as a surprise. Hard choices must be made, and that’s not what Democrats want. I’m taking the over on when California will have a balanced budget in place.