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.

Thursday, April 10, 2014

$2.0 Billion Mark Passed

Although the numbers are still preliminary, April 10th saw California’s bank account for the month-to-date growing $2.1 billion.  This appears to be a fair start to the monthly forecast of $13.1 billion as the heavy inflow will take place during next week.

Personal income tax receipts are key to California’s fiscal picture.  Through April 10th, they have reached $1.9 billion.  The forecast for the April total is $10.9 billion.
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