The Bureau of State Audits (BSA) today issued a report, based on estimates by the project, that the cost of the Financial Information System for California (FI$Cal) has been reduced to $616.8 million, down from $1.6 billion that was originally projected in 2007.
Below is a chart from today’s BSA report. Read the entire report here.
Source: Burea of State Audits Report 2012-039