Tuesday, March 12, 2013

State revenues more than $4 billion ahead of projections

Los Angeles Times
The state’s tax revenue is outpacing earlier projections by about $4.5 billion over the last eight months, according to new figures from the State Controller’s office.The rosier-than-anticipated state revenue numbers are the result of income taxes coming in to state coffers at a higher rate than what was predicted by the governor’s office last summer.