Tuesday, February 13, 2018
And speaking of money
Some of the added revenue may be due to a response to the recent federal tax law that limited the amount that could be deducted for state and local taxes to $10,000. Tax advisers suggested to clients affected by the cap that they pre-pay property tax and estimated state income tax before Dec. 31. While property taxes are local and would not show up in the controller's report, state personal income taxes are an important source of state revenue.
For the controller's report, see: