California State Controller John Chiang offers this daily tax tracker to follow personal income taxes, sales and use taxes and corporate taxes -- the three major sources of revenue for the State.

The site will be updated regularly throughout each business day. Preliminary posts use dollar figures from tax administration agencies, while the following day the Controller will post reconciled (actual cash) figures. The latest figures are always available via direct download. Preliminary sales tax figures, along with personal income tax withholdings will be available by 10:30 a.m., followed by total personal income and corporate tax receipts, along with final sales tax numbers between 1:30 and 4:00 p.m. the same business day.

The chart on the right of this screen tracks the cumulative total of income, sales and corporate tax and compares it against estimated benchmarks for the month.

Monday, April 7, 2014

Playoffs Tonight

While the NCAA tournament may be on the minds of many, California’s revenue watch is on a full court press as the critical tax season begins.  A word of caution should be mentioned about preliminary estimates made with initial data feeds from the reporting agencies: While the preliminary numbers for the first four days of April tallied tax receipts from California’s three major revenue sources at about $1.5 billion, revised numbers put the total at $830 million.  The variance could also easily be positive on the state’s behalf, but analysts should not overreact to early estimates.

No comments :

Post a Comment