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.
Afternoon Revenue Update
Today the Franchise Tax Board is expected to bring in its highest level of daily income so far for the month: $197 million. However, due to refunds issued for personal income, the day is expected to total $120.7 million, raising the monthly total to $1.49 billion. This will help with the month-end total, especially when the expected surge of revenues comes in next week during the 16th and 17th.
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