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April 2014 California Personal Income Tax Daily Revenue Tracker

Last fiscal year, personal income taxes accounted for 67.3 percent of all state General Fund revenues. Of those receipts, 18.5 percent arrived during the month of April.

This year, as of the end of March, preliminary reports of General Fund receipts for the 2013-14 fiscal year totaled $42.8 billion, which is 2.9 percent higher than anticipated in the budget proposal released by Gov. Jerry Brown in January.

The governor's budget estimates a total of $10.9 billion in personal income tax will be collected in April. The chart below compares the running total to the $10.9 billion estimate of April personal income tax receipts. The total consists of personal income tax receipts minus refunds.

 


 

April 2014 chart


April 2014 Preliminary Report of California Personal Income Tax Revenues (In Thousands of Dollars)*

Date Daily Personal Income Taxes (Receipts And Withholding Minus Refunds) Fiscal 2013-14
Year-To-Date Personal Income Tax Revenues
Fiscal 2012-13
Year-To-Date Personal Income Tax Revenues
March Balance   $48,810,600 $43,304,452
April 1            17,400        42,828,000        43,304,452
April 2           407,300        43,235,300        43,380,140
April 3           184,200        43,419,500        43,817,688
April 4           229,300        43,648,800        44,036,498
April 5 *** ***        44,087,681
April 6 *** ***        44,087,681
April 7           445,800        44,094,600        44,087,681
April 8             89,800        44,184,400        44,579,757
April 9           225,800        44,440,200        44,675,080
April 10           103,500        44,543,700        44,949,947
April 11           385,800        44,929,500        45,206,472
April 12 *** ***        45,769,931
April 13 *** ***        45,769,931
April 14           400,700         45,330,200        45,769,931
April 15        1,045,700         46,375,900        46,617,567
April 16        2,675,400         49,051,300        49,173,903
April 17        1,589,000         50,640,300        52,113,256
April 18           734,700         51,375,000        53,302,060
April 19 *** ***        53,318,589
April 20 *** ***        53,318,589
April 21           348,100         51,723,100        53,318,589
April 22           407,900         52,131,000        54,155,980
April 23           315,800         52,446,800        54,836,826
April 24            424,300         52,871,100        55,132,224
April 25            624,100         53,495,200        55,422,556
April 26 *** ***        55,715,771
April 27 *** ***        55,715,771
April 28           (156,300)         53,338,900        55,715,771
April 29            235,200         53,574,100        55,631,650
April 30            190,300         53,764,400        55,778,450
Month-end Adjustment                          (3,015)
Monthly Total  $   10,953,800  $   53,764,400  $    55,775,435

*The table above shows the most recent personal income tax revenues, which include payroll withholdings, taxes received, and refunds paid out. The reconciliation of these numbers can take up to two days. Final April revenues may not be known until the first week of May due to delivery and processing requirements and the large volume of tax filings received.

**A negative figure indicates the daily refund total outpaced daily receipts and withholdings.

***No transactions are posted on weekends.

Source: California State Controller's Office