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.

Tuesday, April 1, 2014

April 1

California consumers provided the state’s tax coffers with a slow inflow of receipts for the first day of April.  Preliminary numbers show that sales tax receipts, which reflected sales for both the weekend and Monday (government offices were closed for the Cesar Chavez Holiday), totaled $10.3 million.  This was less than half, or $12.7 below estimates for the day.
 
The state’s revenue estimators monitor historical and current revenue trends throughout the year and update their revenue estimates formally three times a year.  To make each update they rely on recent tax and economic activity to fine-tune their estimates for the current- and budget-year.  The May Revision changes, due on or before May 14 of each year, tend to be the most significant. 
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