total year-to-date general fund revenues are now behind the budget's
estimates by $705.5 million.
The State ended last fiscal year with a cash deficit of $8.2 billion. The
combined current year cash deficit stands at $17.6 billion. Those deficits
are being covered with $12.2 billion of internal borrowing (temporary loans
from special funds) and $5.4 billion of external borrowing. http://www.sco.ca.gov/eo_pressrel_10864.html
