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 19, 2015
Supporters celebrated when a bill allowing for physician-assisted suicide in California was signed into law. But the tactics used to pass the law will likely delay its implementation.
Tuesday, September 22, 2015
Governor Jerry Brown has signed off an agreement with two of California’s labor unions.
Monday, September 21, 2015
California children under the age of 2 will now be required to ride in rear-facing child seats. That was one of several bills signed into law today by Gov. Jerry Brown.
Wednesday, September 16, 2015
A bill awaiting action by California Governor Jerry Brown is designed to protect humans by managing the treatment of livestock.
Tuesday, September 08, 2015
The Legislature began its final week of session Tuesday with the Senate and Assembly taking action on a number of bills.