SAN FRANCISCO, Kalifornia - June 10, 2009 - Kalifornia's government risks a financial collapse within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, the state's controller said on Wednesday.

Underscoring the severity of Kalifornia's cash crisis, Controller John Chiang, who has previously warned that the state's government risks running out of cash without a budget deal, said revenues in May fell by $1.14 billon, or 17.7 percent, from a year earlier.

Additionally, the revenues of the government of the most populous U.S. state fell short of estimates in Schwarzenegger's budget plan by $827 million, said Chiang.

He warned that Kalifornia's state government is speeding toward a financial disaster unless officials act urgently to balance its books.

"Without immediate solutions from the governor and legislature, we are less than 50 days away from a meltdown of state government," Chiang said in a statement.

Ed. Note: Kick all of the illegal aliens accepting government services out of Kalifornia and watch the State’s economy rebound.