San Francisco Chronicle Business & Technology News - Spoken Edition

California tax revenues soar ahead of projections as economy booms


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Thanks to a booming economy and soaring stock market, California’s income tax revenue has continued to far exceed both projections and last year’s totals. For the crucial month of April through Monday, personal and corporate income tax revenues have come in about $700 million above projections and nearly $1 billion more than last year, according to Justin Garosi, an economist with the Legislative Analyst’s Office.
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San Francisco Chronicle Business & Technology News - Spoken EditionBy San Francisco Chronicle