Forgot Password? | Print Page | Report Abuse | Sign In | Request to be a member
News & Press: Sacramento Report

State Revenues Lower than Projected

Tuesday, May 16, 2017  
Share |

In one of the most crucial months for collections, California revenues of $15.98 billion for April fell short of projections in the governor’s proposed 2017 18 budget by $1.05 billion, or 6.2 percent, State Controller Betty T. Yee reported. 

“April is usually the state’s biggest tax filing month, so lower-than-expected personal income tax receipts are troubling,” said Controller Yee.  The Governor’s office will soon issue a May budget revision that considers actual collections and expenditures.  However, the recent April numbers may signal that California needs to tailor its spending to the actual revenue reports.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851