March and April lead to rebound in state revenue

Personal income tax collections for April – an astounding 36 percent above the amount collected in April 2016 – have played a key role in helping state tax revenue recover for the current fiscal year.

For much of the fiscal year, which ends June 30, the state was collecting less in revenue than it did the previous year. But a strong month of March in terms of corporate income tax collections and a strong month of April in terms of personal income tax collections have reversed that trend.

Daily Journal
5/11/17