Retail Sales Rise? Not in California Where Sales Tax Collections Plunge Amazing 40% Year-Over-Year
August 15, 2012Spread the love
Total Revenues: -$468.8 million (-10%) Income Tax: $156.2 million (5%) Sales Tax: -$390.7 million (-40%) Corporate Tax: -$26.4 million (-9.1%) What the Numbers Tell Us Typically, July is a month when California revenues go on vacation, as the month accounts for about one dollar of every $20 deposited in the General Fund.
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Retail Sales Rise? Not in California Where Sales Tax Collections Plunge Amazing 40% Year-Over-Year
