CA Controller Launches Online Daily Tracker for Peak of Tax Filing Season
SACRAMENTO—State Controller Betty T. Yee today launched a daily tracker allowing users to follow personal income tax receipts through April. This is a crucial period for the state’s fiscal outlook as Californians file tax returns.
Last fiscal year, personal income taxes accounted for 66.7 percent of all state General Fund revenues. A disproportionate share of personal income taxes, 18.1 percent, arrived in April.
The daily tally is accompanied by a chart showing how the running total compares to the $14.6 billion estimate of April personal income tax receipts in the budget proposed by Governor Jerry Brown in January. The total consists of personal income taxes minus refunds.
As of the end of March, personal income tax receipts for the 2015-16 fiscal year totaled $51.9 billion, 0.1 percent higher than anticipated in the governor’s budget proposal.
State and federal returns for the 2015 tax year must be filed by April 18.