Just a mere 10 weeks from the last budget crisis, California Budget Is Already in the Red:

Revenue in the three months ended Sept. 30 was 5.3 percent less than assumed in the $85 billion annual budget, state controller John Chiang reported yesterday. Income tax receipts led the gap, as unemployment reached 12.2 percent in August.

California has a $1.1 Billion drop in taxes, with a state official unemployment rate of 12.2% and one of the worst property devaluations in the country.

Manfrommiddletown already warned decreasing tax revenues will cause state budget crises in California's screwed.