California Comes Out on Top of Estimated Tax Revenue
Who says California isn’t doing well financially? When it comes to taxes, it appears that the Golden State is doing just fine. California is definitely one of the worst locations to live if you want to keep your tax bill low. With the latest report from the state’s Controller, Betty Yee, it’s no wonder that taxpayers wonder why they lose so much money to the government.
According to recent reports, the month of February was a very good month for the state treasury. That’s because Ms. Yee reported that California beat it’s tax revenue for the month of February by about $1 billion. In fact, the state received about $6.6 billion in total tax revenue in February, which beat Governor Jerry Brown’s estimates by close to 18 percent.
Of that amount, $2.6 billion came from tax receipts from personal income taxes. That was 26 percent more than expected. Meantime, taxes for retail and use were up about 16 percent. As for the fiscal year, revenue for the general fund is already 1.4 percent higher than forecasted.
While the news is good for the state, the extra money could be gone fast. That’s because with all the extra cash, many expect that democratic lawmakers will encourage the governor to increase spending.
TechCrunch Disrupt SF 2016 Prov
TechCrunch Disrupt SF 2016 Prov Alan: Hi, this is Alan Olsen and I’m here today with the CEO, Toby Olshanetsky, and Alexey Sapozhnikov. They are the CEO and CTO of prooV. Welcome to today’s show. Toby: Thank you very much. Alexey: Thanks a lot. Alan: Okay, I’m gonna start with Toby. First of all, you’re…
TechCrunch Disrupt SF 2016- Rolik
TechCrunch Disrupt SF 2016- Rolik Alan: I’m here today with Sergei Gritsenko and he’s the co-founder of Rolik. Sergei, welcome to today’s show. Sergei: Thank you. Nice to meet you as well. Alan: So Sergei, tell me about your company. You currently are doing the world’s first digital video ad in the market place. Sergei:…