Business News
SACRAMENTO – State Controller John Chiang has released his monthly report covering California’s cash balance, receipts and disbursements in May.
The month’s revenues rose above the governor’s May Revision estimates by $592 million, or 9.8 percent.
“May revenues may have been positive, but their small climb represents only three percent of the State’s budget deficit,” said Controller Chiang. “The financial problems before the Legislature and Governor remain just as daunting and time-sensitive as they did a month ago.”
Personal income taxes accounted for most of the jump in May, coming in $392 million above projections for the month.
State expenditures were running $1.15 billion behind estimates through May 31.
The state started the fiscal year with an $11.9 billion cash deficit, which rose to $18.6 billion on May 31, 2010.
Those deficits are being covered with a combination of $12 billion of internal borrowing from special funds and $6.0 billion in external borrowing.
A revised cash outlook reflecting May’s numbers will be made available early next week.
May 2010’s financial statement and the summary analysis can found on the Controller’s Web site at www.sco.ca.gov.
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- Written by: Editor
LAKEPORT – The Lake County Chamber of Commerce's next 59 Minute Seminar will be about how to get started with Shop, Stay & Play.
The seminar will be held from 6 p.m. to 6:59 p.m. Monday, June 21, at Lakeport City Hall, 225 Park St.
Shop, Stay & Play (“SSP”) is a chamber program designed to encourage Lake County residents and visitors to spend their dollars here.
Its centerpiece is an e-commerce Web site (www.shopstayplay.com) which opened for business on June 1.
At this seminar they will help people get their businesses up and running so they can start making money right away by including SSP as a weapon in their marketing arsenal.
Key seminar topics will include:
Show you how to sign up.
Show you how to write (and post) an effective business profile.
Provide you with ideas for creating amazing deals that will make your customers (and you) very happy.
Show you how to post an outrageous deal on the site.
If you've got a laptop, bring it along.
Book your free seat now. Numbers are limited to the first 50 people.
To register online visit http://www.lakecochamber.com/calendar/w/id/39/eventid/3575/registration.asp.
For more information contact the Lake County Chamber of Commerce at 707-263-5092, www.lakecochamber.com or
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