More money for California coffers

May tax revenue came in $408.3 million above estimates, according to State Controller John Chiang, which is another indication that the California economy continues to get better (though at a relatively slow pace). Sales taxes were 9 percent higher than expectations, perhaps a sign that consumer spending has been picking up. In releasing the numbers, Chiang raised concerns about a budget deadlock in Sacramento that might complicate the recovery."The Legislature can do no greater service to California's economy than to deliver a balanced, sustainable and on-time state budget," he said. Here's the summary.