We provide our updated Proposition 30/55 revenue estimates.
In this post, we display graphics displaying the 2013 income before deductions, as reported in state tax data, for each available California county. This post accompanies an explanatory note on these income distributions here.
This post compares the administration's multi-year forecast revenue estimates with those generated under the LAO May 2016 economic growth scenario through 2019-20. (This does not reflect required transfers to the Budget Stabilization Account under Proposition 2 under the LAO figures, as those estimates are still under development.)
We have now received preliminary data from all the tax agencies concerning April 2016 collections of the personal income tax, the sales and use tax, and the corporation tax. These are the state General Fund's "Big Three" revenue sources.