Friday, December 9, 2016

More than expected but...

The state controller has released her cash report through November. About $200 million more has arrived in the General Fund than was projected for that period when the state budget was enacted. That's the good news. But of the three big taxes - personal income tax, sales tax, and corporate tax - only the first is ahead of projections. The other two are behind. So the state remains highly dependent on the economic fate of top income earners and thus is especially vulnerable to any downturns that may come along.

You can find the cash report at:

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