It’s Tax Day And the State Gets a Nice Revenue Bump
Not all Californians procrastinated paying their taxes by April 17.
The state reported collecting more than $751 million on the 17th – the highest single day of receipts so far this month.
Payment volume should spike even higher after the 17th.
To date in April, the Franchise Tax Board reports collecting more than $2.3 billion — $6.1 billion less than Gov. Jerry Brown’s budget predicts the agency will receive through April 30.
April is by far the largest month of the year for income tax receipts.
The Democratic governor expects a net total of $9.4 billion in both payments to the tax board and withholding from [....]