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Income Tax Withholding Tracker: March 1 - March 29 March 30, 2021
California income tax withholding collections to date in March are up 20.3 percent over last year, and collections to date in fiscal year 2020-21 are up 11.0 percent over 2019-20.
February 2021 State Tax Collections March 22, 2021
February gross revenue collections from the state’s three largest taxes were ahead of budget projections by $1.6 billion (14 percent).
Income Tax Withholding Tracker: February 1 - February 19 February 19, 2021
California income tax collections this month to date are 7.8 percent above last February, and cumulative collections since late March are up 6.4 percent over the same period in 2019-20.
January 2021 State Tax Collections February 12, 2021
Revenue collections through January have been well ahead of projections in the recently released 2021-22 Governor’s Budget. After accounting for changes in constitutionally-required spending, we estimate that these higher-than-expected collections represent a roughly $4 billion increase in discretionary state funding relative to the Governor’s Budget.
Income Tax Withholding Tracker: January 1 - January 25 January 26, 2021
California withholding collections through January 25 were up 7 percent from the comparable days in 2020, and withholding since March 23 is up 6.1 percent.
December 2020 State Tax Collections January 20, 2021
December revenue collections from the state’s three largest taxes were ahead of Governor’s Budget projections by $3.0 billion (21 percent).
Income Tax Withholding Tracker: December 1 - December 23 December 23, 2020
California income tax withholding in December to date is up 19 percent from 2019, and collections since March 23 are up 5 percent.
November 2020 State Tax Collections December 16, 2020
November revenue collections from the state’s three largest taxes were ahead of budget projections by $2.4 billion (33 percent).
Cannabis Tax Revenue Update November 30, 2020
Preliminary summer data and revised spring data show very strong growth in cannabis tax revenue.
Income Tax Withholding Tracker: November 16 - November 20 November 20, 2020
Income tax withholding this week kept pace with the same week in 2019, and collections since late March are 3.5 percent above 2019.
Income Tax Withholding Tracker: November 9 - November 13 November 13, 2020
Income tax withholding again ran ahead of last year's pace, and is up 3.6 percent from last year since late March.
October 2020 State Tax Collections November 13, 2020
October revenue collections from the state’s three largest taxes were ahead of budget projections by $2.8 billion (40 percent).
Income Tax Withholding Tracker: November 2 - November 6 November 6, 2020
Withholding this week was up 6 percent from the same week last year, pushing the cumulative gain since late March to 3.5 percent.
Income Tax Withholding Tracker: October 26 - October 30 November 2, 2020
Income tax withholding kept pace with the same week in 2019, and collections since March are up 3.4 percent from 2019.
Income Tax Withholding Tracker: October 19 - October 23 October 23, 2020
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.