Chiang: State Revenue $4.5B Higher Than Projections
In his latest monthly budget report released Monday, California Controller John Chiang (D) said state tax revenue for the first eight months of the state's fiscal year outpaced preliminary estimates by $4.5 billion, in part because of higher-than-expected personal income taxes. He also noted that total revenue in February was $5.3 billion, more than 20% higher than in February 2012.
- "State Revenues More Than $4 Billion Ahead of Projections" (York, "PolitiCal," Los Angeles Times, 3/11).
- "State Revenue Keeps Pace in February, Controller Reports" (Siders, "Capitol Alert," Sacramento Bee, 3/11).
- "State's February Revenues Match Budget Projections" (Adler, "KXJZ News," Capital Public Radio, 3/11).
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