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State's February Revenues Match Budget Projections

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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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