California Revenues Continue to Surpass Budget Estimates



Share | |
(Sacramento, CA)
Monday, February 10, 2014
Revenues totaled more than $12 billion in January, about three percent above estimates.
And those projections were recently revised upward as part of the Governor’s 2014-2015 budget.
Increases in jobs, earnings and capital gains drove up income tax receipts.
The State Controller’s Office says corporate taxes have generally been disappointing.
But in January they were $186 million above estimates. Reduced write-offs could account for the increase.
Consumer spending and sales taxes were the only disappointment, coming in nine percent below expectations.
The State Controller’s Office warns that weak national job numbers in December and January could have ripple effects on consumer spending. 

Related Stories

  • capleez, flickr

    California Needs Volunteers To Test Road Charge

    Thursday, April 23, 2015

    California depends on gas tax revenues to maintain its roads. But that revenue is declining. Now the state is looking for volunteers to try out a new funding method, but volunteering could cost you money.

  • EFFIE YANG, flickr

    State May Impose Limits On Airbnb

    Tuesday, April 21, 2015

    California lawmakers are considering imposing limits on short-term online rental services like Airbnb. A Senate committee took up the issue today.

  • Robert Couse-Baker, flickr

    Court Strikes Down Tiered Water-Rates

    Monday, April 20, 2015

    California Governor Jerry Brown is calling on local water agencies to adjust their pricing structures as a way to promote conservation. But a state court ruling issued today could undermine those efforts.

  • if8, flickr

    Brown Says Water Rights Changes Coming

    Thursday, April 16, 2015

    California’s system of water rights is coming under scrutiny as the state’s drought gets worse. Today Governor Jerry Brown indicated there may be some changes coming to the century-old system.

We Get Support From:
Become a Supporter

We Get Support From:

Become a Supporter