State Revenue Roundup

Saskal, Rich
July 2006
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p35
Trade Publication
The article reports that the general fund revenue in June 2006 was $59 million below expectation, but revenue for fiscal 2006 remained above the estimates used for the adopted 2007 budget, according to information released by the California Department of Finance. Personal income tax revenue was $81 million above the forecast of $5 billion. Corporate income tax receipts were $40 million above estimates. Pooled money interest income and revenue was $114 million below the month's estimate.


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