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Tax Revenues

June 2, 1989 | Clipboard researched by Rick VanderKnyff / Los Angeles Times; Graphics by Doris Shields / Los Angeles Times
Orange County cities were left almost $22 million richer after the latest distribution of sales and use tax revenues by the State Board of Equalization. Anaheim's more than $3 million was the largest amount given to one city, while the $15,000 disbursed to Villa Park was the smallest. Each month city and county governments and other governmental organizations receive from the state advance payments in anticipation of actual sales tax revenues. In the fourth month they receive an adjusted amount--the difference between actual revenue and amounts previously received--plus the first advance payment for the next quarter.
December 10, 2013 | By Marc Lifsher
SACRAMENTO -- California's tax revenue came in about 6% below forecasts in November, but state Controller John Chiang dismissed the drop as a fluke of the calendar. Last month's total of $6 billion was $375.6 million under estimates, Chiang said. But, revenue for the first five months of the fiscal year was $31.4 billion, ahead of budget predictions by $228.1 million. QUIZ: How much do you know about California's economy? Meanwhile, state spending since the July 1 start of the fiscal year was down $126.3 million from budget assumptions.
January 4, 1992 | From a Times Staff Writer
Revenues from the state's three biggest tax sources continued to fall below projections in December but were $190 million more than the same month a year ago, state Controller Gray Davis reported Friday. Davis said preliminary figures show that the state took in $3.77 billion in December from the personal income, bank and corporation, and sales and use taxes. That was up from $3.58 billion in December, 1990. But it was about $152 million, or 3.9%, below what Gov.
October 26, 2013 | By Evan Halper
WASHINGTON - As America's road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car. The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center of a controversial attempt in Washington and state planning offices to overhaul the outdated system for funding America's major...
November 7, 1991 | PATRICK McCARTNEY
Camarillo's first-quarter tax revenues fell short of projections by 3.7% or $352,000, the city manager told the City Council Wednesday. City Manager J. William Little blamed the shortfall on a slumping economy, which resulted in reduced sales tax revenues and fewer building permits. The city collected $365,000 less in sales taxes and $80,000 less in building fees for the quarter than was forecast, Little said.
April 3, 1996 | JULIE TILSNER
Hoping to ferret out tax revenue that businesses are not paying into the city coffers, the Ventura City Council has turned to a private consulting firm. Municipal Resource Consultants, or MRC, of Westlake Village will add manpower and expertise to help the city identify additional sources of tax revenue. Under a contract approved Monday, the city will pay $85,000 to MRC in exchange for its services.
June 30, 1988 | DOUGLAS SHUIT, Times Staff Writer
The Senate Appropriations Committee gave bipartisan approval Wednesday to legislation that will increase tax revenue by $560 million to restore education, prison and county programs that were cut from the proposed $44.2-billion state budget. Two Republicans, including Senate GOP Leader Ken Maddy of Fresno, voted for the tax package, which was approved 7 to 3, setting the stage for a floor vote today.
July 11, 1996 | SYLVIA L. OLIANDE
In a six-hour workshop, the Agoura Hills City Council established a proposed 1996-97 budget that maintains current city programs but postpones indefinitely two long-planned projects after voters revoked a utility users tax last month, causing the city to lose about 20% of its general fund revenues. "We're not being pro-active and getting ahead, we're just surviving," said Mayor Pro Tem Fran Pavley at the meeting Tuesday night. The $6.
October 31, 1985 | DONNA ST. GEORGE, Times Staff Writer
A Los Angeles Superior Court judge has upheld a decision by Carson officials to channel into city redevelopment projects what could amount to $250 million in tax revenue in the next 40 years. Despite arguments by Los Angeles County attorneys that Carson officials erred in designating 640 acres on the east side of the city as redevelopment territory, Judge Norman R.
September 17, 2013 | By Neela Banerjee
LOGAN, W.Va. - When President Obama laid out ambitious plans in June for combating climate change, coal miners like Roger Horton heard what they considered the latest fusillade in the administration's "war on coal. " Until his retirement two weeks ago, Horton, 59, worked underground for decades in southern West Virginia's Logan County, then operated a 200-ton earth-moving truck to remove debris from blasted mountaintops. A milestone in Obama's initiative will come this week, when the Environmental Protection Agency is expected to issue rules limiting emissions from new power plants.
August 21, 2013 | By Laura J. Nelson
Los Angeles lawmakers Wednesday agreed to pursue further analysis of an ambitious $3-billion proposal to fix thousands of miles of the city's most deteriorated streets. The money could come from a mix of sources, officials say, including a property tax or borrowing against future sales or gas tax revenues. One option would be to ask property owners to increase taxes the equivalent of 1% of their property's value, paid over 29 years. On a home worth $600,000, that would mean paying about $200 more a year.
August 16, 2013 | By Chris Megerian
SACRAMENTO -- The state's fiscal year is off to a slower start than Gov. Jerry Brown hoped. Tax revenue was $266 million below projections in July, according to a report released Thursday by the governor's Department of Finance. Much of the shortfall is the result of Brown administration officials counting on a significant spike in withholding tax revenue. Instead, receipts fell $195 million short. Sales taxes were also $123 million short. The nonpartisan Legislative Analyst's Office recently warned that taxing purchases has become increasingly less helpful to the state's bottom line.  Overall, the last several months have been strong for state taxes.
July 16, 2013 | By Chris Megerian
SACRAMENTO -- California schools will see a hike in new money thanks to increased tax revenue during the fiscal year that just ended. The state reaped $2.1 billion more than expected over the last year, according to Gov. Jerry Brown's administration. The money will be directed to schools under the state's constitutional education-funding formula. Most of the extra money was derived from income taxes, which generated $1.1 billion more than expected. "We've seen a surge in revenues," said H.D. Palmer, a spokesman for Brown's Department of Finance.
July 1, 2013 | By Chris Megerian
SACRAMENTO -- The fiscal year ended on a high note for California, according to a report released Monday evening by the nonpartisan Legislative Analyst's Office. The report said income and corporate taxes generated $1 billion more than Gov. Jerry Brown estimated in June. The analyst's office said revenue will probably be higher than even its own more optimistic projections when the final numbers get crunched. As the Legislature finished working on the state budget last month, some Democratic lawmakers suggested the possibility of restoring spending to social services faster if tax revenue remained strong.
June 28, 2013 | By David Zahniser
The Los Angeles City Council on Friday backed a plan to let shopping mall giant Westfield keep up to $59 million in tax revenue over 25 years, one in a flurry of decisions made before six council members leave office. The council voted 10 to 0 to let Westfield keep up to 42% of the net new tax revenue produced by a planned shopping mall and hotel in Warner Center over 25 years. The project is expected to generate $140 million in taxes during that period. Departing Councilman Dennis Zine spearheaded the effort, saying the additional funds would allow Westfield to speed construction of its mall.
June 21, 2013 | By Chris Megerian
SACRAMENTO -- California tax revenue in May was nearly $1 billion better than Gov. Jerry Brown's most recent projections, according to an administration report released Friday morning. The strong numbers were largely due to a $550-million jump in revenue from personal income taxes. The administration's figures echo a Tuesday report from the nonpartisan Legislative Analyst's Office. The office said the state could also expect solid numbers in June, an important barometer for the capital gains taxes that make up a significant portion of California's revenue.
June 20, 2013 | By Chris Megerian
SACRAMENTO - California tax revenue is much better than expected, says the nonpartisan Legislative Analyst's Office. In a report released Tuesday, the office said income taxes collected in June will probably be $500 million more than Gov. Jerry Brown's administration projected. That comes on top of a strong May, which saw $561 million more from income taxes than expected. Tax revenue has been so good that it may even outpace more optimistic projections from the Legislative Analyst's Office.
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