CA Controller Launches April Tax Tracker
SACRAMENTO—State Controller Betty T. Yee today launched a daily tracker allowing users to follow personal income tax receipts through April, a crucial period for the state’s fiscal outlook as Californians file tax returns.
Last fiscal year, personal income taxes accounted for 65.2 percent of all state General Fund revenues. A disproportionate share of personal income taxes – 16.6 percent – arrived in April.
The daily tally, available here, will be accompanied by a chart showing how the running total compares to the $12.2 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 2014-15 fiscal year totaled $48.1 billion, 2.2 percent higher than anticipated in the governor’s budget proposal.