Personal income tax collections in September were hundreds of millions above the Governor's projections for the month.
We discuss new data on forgone state General Fund revenue resulting from the partial sales tax exemption on certain sales of manufacturing and R&D equipment.
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.
We discuss the May Revision estimates for Proposition 30 revenues.
In this post, we present a map illustrating the variation in sales tax rates in two of California's major population centers.
This note provides information on March 2015 state tax collections.
In response to questions received during a January Senate budget hearing, we examine California's General Fund tax expenditures: tax deductions, credits, exclusions, and the like that reduce revenues below what they would be otherwise.
With the upcoming end of the "triple flip," a complex, decade-old mechanism affecting state and local finances in California, we have received several inquiries seeking a basic understanding of what the triple flip is and how its end will work exactly. This note addresses those issues.