'It’s long been said that two things are key to successfully governing California: ample Sierra Nevada snow to keep the water flowing and plenty of income tax payments to keep state services running.' johnmyers writes on how both can trip up politicians
California Gov. Gavin Newsom presents his first state budget during a news conference in Sacrament on January.
The wet and snowy winter took water off the worry list for now. As for income tax revenues, this week will help tell the tale — and there are worries under the state Capitol dome. If April receipts miss the mark, it could mean trouble for the agenda of Gov. Gavin Newsom and the Legislature’s Democratic supermajority.projected the state will collect $19.9 billion in revenues this month — three-quarters of it from personal income taxes that must be filed by Monday night.
Through the end of March, total tax revenues were $2.2 billion below expectations for the fiscal year that ends on June 30. Early data for April suggest revenue is holding steady, perhaps even a little better than expected. But it would take much more cash to bring totals back in line with projections.So what happened? That’s been one of the big questions in Sacramento over the last few months. Newsom’s budget advisors believe it’s nothing more than delayed tax payments.
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