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State Controller Betty T. Yee Sworn in for Second Term

State Controller Betty T. Yee Sworn in for Second Term

SACRAMENTO — California State Controller Betty T. Yee was sworn in today for her second term as the chief fiscal officer of the world’s fifth-largest economy. The oath was administered by California Chief Justice Tani G. Cantil-Sakauye at a ceremony in the Crocker Art Museum in Sacramento. After taking her oath of office, Yee gave […]

CA Controller Reports State Revenue Outpacing Expectations for September and 2018-19 Fiscal Year

CA Controller Reports State Revenue Outpacing Expectations for September and 2018-19 Fiscal Year

SACRAMENTO — State Controller Betty T. Yee today reported the state received $12.10 billion in revenue in September, exceeding projections in the 2018-19 fiscal year budget by 5.1 percent, or $582.4 million. This month, all of the “big three” revenue sources –– personal income tax (PIT), corporation tax, and sales tax –– came in higher […]

CA Controller’s June Cash Report Highlights Volatility of Personal Income Taxes

CA Controller’s June Cash Report Highlights Volatility of Personal Income Taxes

California total revenues fell short of expectations for the third straight month in June, but overall revenues for the fiscal year outpaced projections made in the 2015-16 budget by $978.6 million, according to State Controller Betty T. Yee’s monthly report of California’s cash balance, receipts, and disbursements published today. June revenues were $524.4 million—or 3.1 […]