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State's February Revenues Match Budget Projections


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CPR file photo/Andrew Nixon
CPR file photo/Andrew Nixon    

California took in about the amount of money it had projected last month. That leaves the state with a surplus of more than $4 billion heading into the final months of the fiscal year that ends in June.


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(Sacramento, CA)
Monday, March 11, 2013

February personal income tax receipts came in well below Governor Jerry Brown's most recent budget projections.  The state controller's office says that's likely because large income tax refunds that were expected to go out in January went out last month instead.

Stronger-than-expected sales and corporate tax receipts helped offset the drop in personal income tax revenue.

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