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.
Gap Between Revenues and Estimates Close
With great performances from personal income and corporate taxes this month, retail sales have been very close but just behind projections for the whole month of April.
Over the last five years, retail sales revenues, on average, have experienced a moderate but significant surge in the final days of collection for the month of April.
With the estimated $58.6 million received today, the margin between revenues and the estimate is getting smaller.
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