Business News
The month’s receipts were relatively close to estimates, down by 0.7 percent or $40.8 million.
“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. “Record unemployment, at levels not seen for three decades, continues to aggravate California’s structural budget deficit.”
The receipts from tax deadlines in December and January are generally reliable indicators of expected Spring tax receipts.
Year-to-date revenues remain below the amended 2009-10 budget’s estimates by $835 million or -2.8 percent.
But lower-than-anticipated State expenses combined with an additional $1 billion in external borrowing put the State’s cash position $610 million ahead of its projected level on Nov. 30.
The state started the fiscal year with an $11.9 billion cash deficit in the general fund, which grew to $24.4 billion by Nov. 30. Those deficits are being covered with a combination of $15.6 billion of internal borrowing from special funds and $8.8 billion in short-term revenue anticipation notes.
November 2009's financial statement and the summary analysis can be found on the Controller’s Web site at www.sco.ca.gov .
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- Written by: Office of the State Controller
Utilizing coordinating colors and beautiful photos, the Web site is geared toward the visitor to Lake County, with top-level categories that most visitors first seek – accommodations, planning a trip, things to do, and information about the area.
While much of the work was done in-house, two local firms assisted with the design, including bitSculptor and MAX Design Studio.
The Lake County Marketing Program is a division of the County Administrative Office and promotes tourism to and commerce in Lake County.
The Marketing Program’s promotional efforts range from advertising and print materials to travel shows and media relations.
Funding for the Lake County Marketing Program is derived from local Transient Occupancy Taxes (hotel bed taxes) collected in the unincorporated areas of Lake County, as well as through participation
agreements with other entities including the city of Clearlake, the city of Lakeport, Big Valley Rancheria, Robinson Rancheria and others.
For more information, contact the Lake County Marketing and Economic Development Program at 707-263-2580.
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- Written by: Lake County Marketing Department
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