Sunday, May 3, 2015

Every little bit helps

As we have noted in prior posts, April is the big collection month for state income tax and this April receipts significantly exceeded the governor's January budget estimate of $12.2 billion, according to the latest figures from the state controller. There are lots of provisos, of course, especially due to Prop 98's tendency to gobble up added revenue for K-14. However, there is the headline effect of above-forecast receipts that - other things equal - could be helpful to UC in its budget conflict with the governor. Source:

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