Track California’s Personal Income Tax Receipts through April
SACRAMENTO — State Controller Betty T. Yee today launched her annual online tracker for personal income tax receipts through April. This month is a crucial phase for the state budget as Californians file hundreds of thousands of tax returns, the May budget revision is imminent, and the new fiscal year starts July 1.
Last fiscal year, personal income taxes accounted for 69.1 percent of all state General Fund revenues. A significant share of personal income taxes (15.2 percent) arrived during the month of April.
The running tally is accompanied by a chart showing how the total compares to the $15.0 billion estimate of April personal income tax receipts in the governor’s 2019-20 budget proposal. The total consists of personal income taxes minus refunds.
State and federal returns for the 2018 tax year must be filed by April 15.
As the chief fiscal officer of California, Controller Yee is responsible for accountability and disbursement of the state’s financial resources. The Controller has independent auditing authority over government agencies that spend state funds. She is a member of numerous financing authorities, and fiscal and financial oversight entities including the Franchise Tax Board. She also serves on the boards for the nation’s two largest public pension funds. Elected in 2014 and reelected in 2018, Controller Yee is the tenth woman elected to a statewide office in California’s history. Follow the Controller on Twitter at @CAController and on Facebook at California State Controller’s Office.