State cash report

November's receipts were relatively close to estimates, down a mere 0.7 percent, or around $41 million. The latest numbers, supplied by State Controller John Chiang, show corporate and sales taxes above estimates and personal income tax revenues below projections. "While revenues largely held up for two months, the next eight weeks will be far more telling of the State's fiscal health," said Chiang. Receipts from December and January are generally considered reliable indicators of what to expect in the Spring, when the big money comes in. Here's the bulletin from the controller's office.