After years of budget agony, California is seeing something strange this month: a heap of excess cash.

The state is poised to finish January about $4 billion ahead of what forecasters expected in income taxes, according to the Legislative Analyst's Office – the biggest one-month overage that state fiscal experts can recall in recent memory.

California also set a single-day record Jan. 16 when the Franchise Tax Board received $2.2 billion in taxes, mostly in payments from the 6 percent of filers who pay quarterly rather than have money deducted from paychecks.

But state leaders shouldn't get too giddy.

Read more at Sacramento Bee