Report: Calif. Sees Big Jump in Tax Revenues Last Year
A new Census Bureau report finds that California's tax revenues increased by 17.4% in fiscal year 2010-2011, the third highest jump among all states. The state's increase in tax revenues likely was the result of temporary sales and income tax increases that were enacted in 2009 but have since expired. Gov. Jerry Brown (D) is pushing for a tax hike measure on the November ballot to restore those revenues.
- "California's State Taxes Showed Big Jump Last Fiscal Year" (Walters, "Capitol Alert," Sacramento Bee, 4/12).