Making April tax receipts even more important, revenues collected by the state in March were $236 million below the nearly $6 billion estimated in the budget, the state Department of Finance said April 13.
Since the beginning of the current fiscal year on July 1, revenues are almost $900 million below projections.
The budget presented by Gov. Jerry Brown in January predicted a $9.2 billion gap between revenues and spending commitments.
That has now grown to $10 billion because of the lower-than-anticipated tax revenue.
The Legislative Analyst counters that the gap between revenues and spending commitments is another $6 billion bigger primarily because of overly confidence expectations by [....]