Capitol Alert
The latest on California politics and government
April 23, 2013

Despite relatively robust income tax returns and a projection that the state will finish April billions of dollars ahead of estimates, Gov. Jerry Brown today dismissed a reporter’s suggestion he must be “pretty happy,” suggesting any overage may be tied up by Proposition 98, California’s school-funding guarantee.

“The revenues, guys, wait ’til the May revise,” the Democratic governor told reporters at the Capitol. “We have a very complicated mechanism called Prop. 98, and depending upon how the money flows, it may … not be as available as many people are now thinking.”

April is typically the most significant month for personal income tax collections, and state budget watchers track revenue daily. The nonpartisan Legislative Analyst’s Office estimated today that the state’s personal income tax collections will end the month about $4 billion above the administration’s estimates.

To read entire story, click here.