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April 2016 California Personal Income Tax Daily Revenue Tracker

Last fiscal year, personal income taxes accounted for 66.7 percent of all State General Fund revenues. Of those receipts, 18.1 percent arrived during the month of April.

This year, as of the end of March, preliminary reports of General Fund receipts for the 2015-16 fiscal year totaled $51.9 billion, which is 0.1 percent higher than anticipated in the budget proposal released by Gov. Jerry Brown in January.

The governor's budget estimates a total of $14.6 billion in personal income tax will be collected in April. The chart below compares the running total to the $14.6 billion estimate of April personal income tax receipts. The total consists of personal income tax receipts minus refunds.

 


 

April 2016 chart


April 2016 Preliminary Report of California Personal Income Tax Revenues (In Thousands of Dollars)*

Date Daily Personal Income Taxes (Receipts And Withholding Minus Refunds) Fiscal 2015-16
Year-To-Date Personal Income Tax Revenues
Fiscal 2014-15
Year-To-Date Personal Income Tax Revenues
March Balance   $51,826,467 $48,062,000
April 1             13,836        51,840,303        48,193,600
April 2 *** ***        48,633,300
April 3 *** ***        48,780,900
April 4           589,035        52,429,338        48,780,900
April 5           235,467        52,664,805        48,780,900
April 6           523,557        53,188,362        49,265,300
April 7             72,187        53,260,549        49,384,000
April 8           286,716        53,547,265        49,891,000
April 9 *** ***        50,034,700
April 10 *** ***        50,542,700
April 11           122,888        53,670,153        50,542,700
April 12           376,405        54,046,558        50,542,700
April 13           518,382        54,564,940        50,871,300
April 14           238,840        54,803,780        51,524,300
April 15           861,764        55,665,544        53,065,700
April 16 *** ***        55,819,900
April 17 *** ***        58,011,000
April 18        1,500,873        57,166,417        58,011,000
April 19        2,081,859        59,248,276        58,011,000
April 20        2,342,229        61,590,505        59,084,900
April 21           541,781        62,132,286        59,535,800
April 22           723,484        62,855,770        59,832,500
April 23 *** ***        60,192,100
April 24 *** ***        60,880,400
April 25           407,076        63,262,846        60,880,400
April 26           521,902        63,784,748        60,880,400
April 27           712,366        64,497,114        61,349,100
April 28           397,695        64,894,809        61,425,000
April 29           332,624        65,227,433        61,699,300
April 30 *** ***        61,853,900
Monthly Total  $   13,400,966  $   65,227,433  $    61,853,900

*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