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December 2014 Cash Report Summary Analysis

Published December 9, 2014

Revenues for November 2014 totaled $6.4 billion, falling short of estimates in the 2014-15 Budget Act by $154.7 million, or 2.3 percent.Bottom Line: What the Numbers Mean

November saw California revenues fall 2.3 percent short of expectations for the month, although the State is still 3.1 percent ahead of forecasts for the fiscal year to date. Disbursements were also 3.1 percent lower than expected, and remain 2.4 percent behind projections for the first five months of the fiscal year. Read more and see detailed receipts and disbursements.

Column: California’s Housing Affordability Crisis – The Issue That Never Went Away

As 2014 draws to a close, there is concern brewing about the strength and vitality of the California housing market. Once the sector that led the rest of the economy out of the Recession, sales of existing single-family homes are expected to be down by at least 8 percent this year compared to 2013. Read more of Leslie Appleton-Young's column.

California Job Tracker: December 2014

California's economic recovery continues, and that upswing is particularly evident and welcome in our job market. In October, the latest month for which regional data is available, California swiftly erased the brief 14,000-job loss of the prior month with a strong gain of nearly 42,000 additional positions. Read more and see the data.