Huffpost Los Angeles

California Budget: State Tax Revenue Already $2 Billion Above Forecast

Posted: Updated:
Print Article
CALIFORNIA TAX WINDFALL
Getty File Photo

Reporting from Sacramento -- State officials are reporting an unexpected $2-billion surge in tax receipts that will help lawmakers close the remaining $15-billion budget deficit, and the Capitol is humming with hope that more is coming.

But the windfall could complicate Gov. Jerry Brown's push for tax increases, which he says are needed for California's longer-term financial health.

Read the whole story at latimes.com