LAO Comment: Governor's Revenue Projections January 7, 2016

We provide a comment on the key tax revenue projections in the Governor's initial 2016-17 state budget proposal, which was released on January 7, 2016.


Preliminary: Dec. 2015 Income Taxes Above Projections January 6, 2016

We have received preliminary data from tax agencies concerning California's state income tax collections in December 2015.


State Tax Agency Wins Major Corporate Tax Case January 4, 2016

On December 31, 2015, the California Supreme Court generally ruled in favor of the state's Franchise Tax Board in a major corporate tax case known as Gillette Company et al., v. Franchise Tax Board.


November 2015 Revenues: Sales Taxes Fall Short December 10, 2015

Preliminary tax agency data on November 2015 revenue collections has been received.


Oct. 2015 Income, Sales Taxes Above Projections November 9, 2015

Preliminary data has been released by the state's tax agencies concerning October 2015 state revenue collections.


September 2015 Income Taxes: Above Governor's Projections October 15, 2015

Personal income tax collections in September were hundreds of millions above the Governor's projections for the month.


California Supreme Court Hears Gillette Case October 6, 2015

In its morning session on October 6, the California Supreme Court is scheduled to hear arguments in a key state tax case, Gillette Company et al., v. Franchise Tax Board.


Revenue Tracking: July 2015 General Fund Collections August 18, 2015

Updated information about July 2015 major tax collections in California's General Fund has been released.


2014-15 Agency Cash: Revenue Collections $732 Million Above Projection July 14, 2015

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.


2014-15 Agency Cash: Big Three Taxes $655 Million Above Projection July 14, 2015

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.


May Revision: LAO Revenue Outlook May 16, 2015

Our office's May Revision revenue outlook anticipates billions of dollars of additional revenues in 2015-16, compared to the administration's updated projections.


FTB Spring 2015 Revenue Exhibit Data Posted May 14, 2015

The Franchise Tax Board has posted its spring "exhibit" data, which contains information used by our office and the administration to understand state income tax collections.


4/2015: Personal Income Tax Far Above Projections May 8, 2015

This post provides updated data from the tax agencies on monthly agency cash collections of California's key state taxes.


Corporation Tax Collections Above Projections in April May 1, 2015

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.


3/2015: Revenues $1.3 Billion Above Fiscal Year Projection April 15, 2015

This note provides information on March 2015 state tax collections.