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.
Monday, October 13, 2014
Republican gubernatorial candidate Neel Kashkari is up with a new TV ad that criticizes Democratic Governor Jerry Brown.
Monday, September 29, 2014
California is tapping into reserves to pay for the cost of fighting wildfires.
Monday, September 08, 2014
The official portrait of Former California Governor Arnold Schwarzenegger has been unveiled and historian says Schwarzenegger’s image reflects the changing nature of gubernatorial portraits.
Thursday, September 04, 2014
UPDATED: Gubernatorial candidates Jerry Brown and Neel Kashkari debated Thursday night. Watch a replay here, or listen to a reply at 9 a.m. Friday on the News Station, in place of Insight.
Wednesday, September 03, 2014
California’s earthquake early warning system is up and running – but there’s no money or infrastructure to distribute alerts to the general public yet. A conference at UC Berkeley Wednesday discussed the issue.