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

This note provides information on March 2015 state tax collections.


April 15 and Accruals: Complexity April 15, 2015

This note discusses the state's complex revenue accrual rules, which affect Proposition 98 school funding and various aspects of state budgeting, in the context of the April 15 personal income tax deadline.


February 2015 Income Taxes Far Above Forecast March 17, 2015

This post discusses February 2015 personal income, sales, and corporate income tax collections (the General Fund's "Big Three" tax sources).


New College Access Tax Credit Affects Budget Revenue Projections February 27, 2015

This note discusses the complex effects on state budget revenue projections related to the new College Access Tax Credit.


California State Tax Expenditures Total Around $55 Billion February 19, 2015

In response to questions received during a January Senate budget hearing, we examine California's General Fund tax expenditures: tax deductions, credits, exclusions, and the like that reduce revenues below what they would be otherwise.


Jan. 2015 General Fund Revenue Collections February 18, 2015

We provide preliminary data concerning January 2015 California income and sales tax collections (the state General Fund's "Big Three" tax revenue sources).


Silicon Valley, San Francisco, & Marin: CA Income Taxes February 4, 2015

A recent report on Silicon Valley discusses the region's economic growth. We consider the role that Silicon Valley, San Francisco, and Marin play in California's main state government revenue source, the personal income tax.


FTB December 2014 Revenue Exhibits Posted January 28, 2015

The Franchise Tax Board's twice-yearly revenue exhibits are highly technical, but include key information for those who track and forecast California's state income tax revenues.


December Income Taxes Far Above June Budget Act Projections January 8, 2015

The preliminary December 2014 income tax totals increase the chances that General Fund revenues in 2014-15 will be billions of dollars above what our office projected a few weeks ago.


State and Local Governments With Their Own EITCs January 6, 2015

We provide links to other states' and localities' tax agencies that administer their own EITCs.


Prior California EITC Legislative Proposals December 18, 2014

Bills to create a state EITC in California have been introduced in the Legislature before. None have been enacted into law.


Key Resources Concerning Federal EITC December 18, 2014

We provide information on some key resources concerning the federal earned income tax credit.


What is the Federal Earned Income Tax Credit? December 18, 2014

The federal EITC is a major tax program whose purpose, over time, has moved toward increasing the rewards for paid work and reducing poverty.


14-15 State Revenues $1.6 Billion Over Budget Forecast as of 11/30 December 16, 2014

The Department of Finance's Finance Bulletin, today's version of which includes November 2014 revenue data, is the key report on state revenues each month.


California Governments Rely on a Variety of Taxes December 16, 2014

The state government and local governments, respectively, rely on different tax revenue sources.