Personal income tax collections in September were hundreds of millions above the Governor's projections for the month.
In total, 2014-15 General Fund agency cash revenue collections exceeded the Governor's estimate, as incorporated in the 2015-16 budget plan he signed into law last month, by $732 million.
Collections of the state's three major General Fund taxes combined for 2014-15 were over $650 million above the Governor's projections as incorporated into the budget act signed on June 24.
April is a major corporate tax collection month. Here, we discuss April 2015 collection trends for the state's third-largest General Fund revenue source.
This note provides information on March 2015 state tax collections.
This note discusses the complex effects on state budget revenue projections related to the new College Access Tax Credit.