California Tax Collection Tops Brown Projection by $1.4 Billion

Tuesday, 08 Apr 2014 06:58 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

California has collected $1.4 billion more in taxes since June than Governor Jerry Brown estimated in his budget proposal as the economy continues to rebound, the state’s controller reported

The largest U.S. state by population took in $64.5 billion in income, corporate and sales taxes for the fiscal year through April 7, Controller John Chiang said on his website. Brown’s budget estimated the state would have collected $63.1 billion as of today, according to Chiang.

Brown in January proposed a record $106.8 billion budget as the Golden State’s coffers brim with the biggest surplus in more than a decade.

The 76-year-old Democrat called for an 8.5 percent increase from current spending, with $11 billion to pay off loans that papered over previous deficits, and $1.6 billion in reserves, while increasing funds for schools, welfare and health care for the poor.


© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Cuban Groups Protesting in Miami

Saturday, 20 Dec 2014 08:36 AM

Protesters waving Cuban flags have started to gather for a demonstration against President Barack Obama's plan to normal . . .

Prosecutors: Fraudster Used Funds to Freeze Wife

Saturday, 20 Dec 2014 13:31 PM

Prosecutors say a financial fraudster used backers' money to have his wife's body cryogenically frozen before fleeing Ne . . .

JFK: Not Even Soviet Threat Can Stop Santa

Saturday, 20 Dec 2014 12:25 PM

The Kennedy Presidential Library wants to remind the world that not even the threat of thermonuclear conflict can stop S . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved