We tracked personal income tax (PIT) collections of California's tax agencies throughout April, a key month for receipts of the state government's largest revenue source. This post also includes prelimimary tax agency reports on April's corporation and sales tax collections.
On March 1, 2017, BOE reported that taxpayers claimed an estimated $165 million of these tax exemptions in 2016—a 6% increase from 2015.
We display the administration's estimates for this revenue source as of January 2017.
Most coastal counties are meeting or nearly meeting their production goals. On the flip side, home building in the state’s inland areas has fallen short of targets. Rather than suggesting that home building levels are sufficient in California’s coastal areas, the fact that permitting has kept pace with targets in these areas may suggest that these production goals do not reflect the full extent of demand for housing in these areas. Production goals likely need to be higher if the high cost of and intense competition for housing in these areas is to be curbed.
California's sales tax rates are among the highest in the U.S., but different comparisons generate different rankings for California, ranging from second-highest to 11th-highest in the nation.