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.


DOF Budget Resources Online: Economics and Revenues May 14, 2015

With the 2015-16 May Revision, the Governor's administration posts updated economic and revenue resources related to its budget proposal online.


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.


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.


Limited Statewide Economic Impact of Drought April 14, 2015

This blog post responds to questions we receive regularly concerning the likely effect of the drought on the state's economy and tax revenues.


General Fund Portion of CPUC's PG&E Penalty April 9, 2015

A portion of the California Public Utilities Commission's $1.6 billion penalty against the Pacific Gas and Electric Company (PG&E) affects state General Fund budgetary revenues.


Corporate Profits Decline in 2014 March 27, 2015

Corporate profits data released today by the Bureau of Economic Analysis show an annual decline of $17 billion, or less than 1 percent.


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).


Possible PG&E General Fund Penalty Payment March 13, 2015

We discuss Pacific Gas and Electric Company's possible penalty payment to California's General Fund related to the San Bruno pipeline explosion.


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.


State Bond Documents: Tax Litigation Disclosures February 26, 2015

The state's preliminary official statements for bond offerings, such as the planned March 4 general obligation bond sale, contain significant information about the state's finances, including litigation related to state revenues and spending.


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).


Unclaimed Property is 5th Largest General Fund Revenue Source February 10, 2015

We provide some perspectives on California's unclaimed property program as a General Fund revenue source.


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.


Administration Revenue Projection Higher than LAO Nov. Totals January 9, 2015

On an "apples to apples" basis, a preliminary review of the Governor's January 2015 budget proposal shows that it assumes that the "Big Three" General Fund taxes for 2013-14 through 2015-16 will be $1.3 billion higher than the LAO projected in November 2014.