On politics in the Golden State
December 19, 2012 | 7:00 am
California tax revenue has slipped further below goals set by Gov. Jerry Brown’s administration, according to a state report released Tuesday.
As of the end of November, taxes were 3% short in the fiscal year that started in July, a gap of $936 million. A month before that, they were only 0.7% short.
H.D. Palmer, a spokesman for Brown’s Department of Finance, said November was a particularly weak month because tax revenue related to Facebook stock came in earlier than expected. That boosted October taxes higher, while decreasing November revenue.
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