California’s January Revenue $4.3B Higher Than Estimates
In his monthly budget statement issued Friday, State Controller John Chiang (D)Â said California's tax revenue for January exceeded estimates in Gov. Jerry Brown's (D) fiscal year 2013-2014 budget proposal by $4.3 billion, in part because of higher-than-expected personal income taxes. However, he warned that "given our state's troubled history with boom-or-bust revenue cycles, this good news must be tempered with increased fiscal discipline in how we interpret and budget January's collections."
- "California Gets Unexpected $4.3 Billion in January Revenue" (Sacramento Business Journal, 2/8).
- "Controller: California $4.3 Billion Ahead of Forecast in January" (Yamamura, "Capitol Alert," Sacramento Bee, 2/8).