• NEWS 90.9 KXJZ Sacramento
  • 90.5 KKTO Tahoe/Reno
  • 91.3 KUOP Stockton
  • 88.1 KQNC Quincy
  • MUSIC 88.9 KXPR Sacramento
  • 91.7 KXSR Groveland/Sonora
  • 88.7 KXJS Sutter/Yuba City

California August Revenues Are Up



Share | |
(Sacramento, CA)
Tuesday, September 11, 2012
Personal income taxes had the biggest impact in August.
 
They rose $222 million above projections, while sales tax revenue jumped $187-million.
 
State Controller John Chiang says the increase offsets July's losses which totaled $475 million.
 
Chiang says the August numbers put revenue right in line with projections.
 
But for the year, the cash deficit is still $21 billion.
 
State officials are covering that hole with temporary loans from special funds as well as external borrowing.
 
The only losses in August were from corporate taxes. They came in 71-percent below projections.
We Get Support From:
Become a Supporter

We Get Support From:

Become a Supporter