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, February 02, 2015
It can be very expensive to run for office in California. Turns out, it can be expensive to maintain an office after you have won it as well.
Wednesday, November 19, 2014
The University of California Board of Regents is set to debate a proposed tuition increase Wednesday. UC President Janet Napolitano’s plan would raise tuition by five percent for the next five years – unless the state increases the UC's funding.
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.