California Economy and Taxes
 
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August 2021 State Tax Collections September 20, 2021

Through the first two months of the 2021-22 fiscal year, collections from the state’s three largest taxes are running 20 percent ($3.6 billion) ahead of budget projections. 

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The 2021-22 Budget: May Revenue Outlook May 17, 2021

This post provides commentary on our May Outlook revenues.

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March 2021 State Tax Collections April 28, 2021

March collections from the state’s three largest taxes—the personal income tax, corporation tax, and sales tax—exceeded projections by $2.5 billion (30 percent).

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February 2021 State Tax Collections March 22, 2021

February gross revenue collections from the state’s three largest taxes were ahead of budget projections by $1.6 billion (14 percent).

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January 2021 State Tax Collections February 12, 2021

Revenue collections through January have been well ahead of projections in the recently released 2021-22 Governor’s Budget. After accounting for changes in constitutionally-required spending, we estimate that these higher-than-expected collections represent a roughly $4 billion increase in discretionary state funding relative to the Governor’s Budget.

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December 2020 State Tax Collections January 20, 2021

December revenue collections from the state’s three largest taxes were ahead of Governor’s Budget projections by $3.0 billion (21 percent).

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November 2020 State Tax Collections December 16, 2020

November revenue collections from the state’s three largest taxes were ahead of budget projections by $2.4 billion (33 percent).  

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2021-22 Fiscal Outlook Revenue Estimates November 18, 2020

We discuss the main revenue forecast in our 2021-21 Fiscal Outlook. 

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October 2020 State Tax Collections November 13, 2020

October revenue collections from the state’s three largest taxes were ahead of budget projections by $2.8 billion (40 percent).  

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September 2020 State Tax Collections October 19, 2020

September collections from the state’s three largest taxes were ahead of budget projections by $4 billion (42 percent). 

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August 2020 State Tax Collections September 17, 2020

August revenue collections from the state’s three largest taxes were ahead of budget projections by $1.7 billion (24 percent). 

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State Tax Collections Update: April 2020 to July 2020 August 20, 2020

Total revenue collections for the state’s three largest taxes came in 9 percent ($4.3 billion) ahead of budget projections.

Thumbnail for July 2020 Tax Payments Tracker: July 31 Update

July 2020 Tax Payments Tracker: July 31 Update July 31, 2020

We discuss data on recent state personal income tax and corporation tax collections.

Thumbnail for July 2020 Tax Payments Tracker: July 24 Update

July 2020 Tax Payments Tracker: July 24 Update July 24, 2020

We discuss data on recent state personal income tax and corporation tax collections. 

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July 2020 Tax Payments Tracker July 17, 2020

We discuss data on recent state personal income tax and corporation tax collections.