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Summary of LAO Findings and Recommendations on the 2013-14 Budget

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Last Updated
See Detail  Revenues FTB preliminary April income tax tally confirms prior estimates This is a description of the preliminary April tally of personal and corporate income tax collections from the Franchise Tax Board. 5-03-13
See Detail  Revenues Corporation taxes ended April around $200 million above year-to-date projections (preliminary) This is an update on April corporation tax collections. 5-01-13
See Detail  Revenues Preliminary April personal income tax collections of $13.02 billion (all funds) This page provided updates during April 2013 concerning California personal income tax collections. 4-30-13
See Detail  Tax Agencies Administration's trailer bill proposal related to attorney's fee awards Discusses administration's trailer bill proposal concerning awards of attorney's fees and litigation costs to certain successful litigants in tax and fee refund cases. 3-13-13
See Detail  Revenues Accrual method raises forecasting accuracy, Proposition 98, historical budget data concerns Recommend that Legislature reject administration's proposed revenue accrual trailer bill, adopt temporary budget bill language concerning accruals, and direct administration to develop a simpler, logical revenue accrual method for future fiscal years. 2-26-13
See Detail  Revenues "Big Three" state taxes finish January $4.95 billion above administration projections Provides update concerning January personal income, corporate income, and sales and use tax collections. 2-11-13
See Detail  Revenues January income tax revenues $5 billion above administration's projection (Updated) Provides update concerning January 2013 income tax collections. 2-06-13