Monday, February 11, 2013

Revenue roller coaster on the way up again

HealthyCal.org
California’s notorious tax-revenue roller coaster is on the way up again. How many times do we need to see this movie before we remember how it ends? Tax receipts in January soared nearly $5 billion above the projections Gov. Jerry Brown’s best experts made just a month earlier. Withholding from paychecks was 12 percent above projections while estimated payments from taxpayers came in at more than double what the governor and his staff anticipated.