We have received preliminary information from the state's tax agencies on February 2016 collections of the California's "Big Three" state General Fund taxes.
As part of the annual budget development process, the administration provides us with its current estimates of Proposition 30 revenues through 2018-19. 2018-19 is the last fiscal year affected by the Proposition 30 income tax increases for high-income Californians.
We have received data on January 2015 state revenue collections from California's tax agencies.
We have received preliminary data from tax agencies concerning California's state income tax collections in December 2015.
We discuss the distinctions between our personal income and personal income tax projections.
In conjunction with the November 2015 edition of our Fiscal Outlook, we update our estimates for the revenue effects of Proposition 30 (2012).
Personal income tax collections in September were hundreds of millions above the Governor's projections for the month.
We answer some questions we receive about California's budget and the stock market downturn of recent days.
In total, 2014-15 General Fund agency cash revenue collections exceeded the Governor's estimate, as incorporated in the 2015-16 budget plan he signed into law last month, by $732 million.