California tax collections increase
By Dan Walters, Sacramento Bee
California’s tax revenues jumped by $18.2 billion in 2013, thanks to an improving economy and the impact of a temporary sales and income tax increase approved by voters, a new Census Bureau report shows.
All tax collections, including those for special purposes as well as the state general fund, increased from $115 billion in 2012 to $133.2 billion last year, with virtually of the increase generated by sales and income taxes. The general fund received about 75 percent of the taxes.
California’s 15.6 percent increase was more than twice the 6.1 percent increase recorded by all states, the Census Bureau reported, Total state collections were $846.2 billion last year, with California’s $133.2 billion being 15.7 percent of all state taxes, even though the state has just 12.2 percent of the nation’s population.