This month, California taxpayers will be a major determiner of how deeply state services, including support for public schools, will be cut beginning July 1.
For obvious reasons, April is the state’s biggest single month for income tax collections. Budget writers are counting on over $9.4 billion
Counting all sources of taxes – sales, income and business – nearly $12.1 billion is expected to flow into state coffers by April 30, $100 million less than the nearly $12.2 billion predicted for June.
April tax collections have a direct impact on the state’s budget shortfall, which Gov. Jerry Brown says is $9.2 billion.
The Legislative Analyst counters that [....]