A revised budget forecast on Tuesday showed California is bringing in $2.2 billion below in anticipated revenues the state had used in passing the budget last summer.
This means $1 billion in mid-year cuts will be coming, starting January 2012.
In total, revenues are estimated to be $86.2 billion, which is $2.2 billion below the Budget Act forecast.
Read the press release on the trigger cuts.
For more information on what programs and services will be cut, click here. (PDF)
Media Coverage:
Sacramento Bee
San Jose Mercury News
(Ellen Rollins, President of SEIU 521 Home Care Chapter is quoted in this San Jose Mercury News article.)
