California March revenue tops budget estimate by $395.5 million

Reuters

A strong inflow of personal income taxes helped lift California's March revenue by $395.5 million, or 7.2 percent, above the estimate in Governor Jerry Brown's state budget plan, the state controller's office said on Wednesday. From the July start of its current fiscal year through March, California collected $64.7 billion in general fund revenue, or $4.7 billion more than forecast by Brown's office, State Controller John Chiang's office also said in its monthly revenue report.

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