Calif.’s May Revenue Exceeds Earlier Estimates, Data Show
California's May revenue was $939 million higher than estimates in Gov. Jerry Brown's (D) revised fiscal year 2013-2014 budget proposal and a FY 2013-14 spending plan approved by the Legislature, according to Department of Finance data released last week. Meanwhile, a recent report from the Legislative Analyst's Office found that personal income taxes -- which accounted for much of the revenue -- exceeded Brown's May estimate by $561 million.
- "Revenue for May $939M Above Governor's Estimate" (Arns, Sacramento Business Journal, 6/25