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April Revenues Looking Good

Tax Day was last week and the state's coffers are filling up quickly! The Legislative Analyst's
Office (LAO) April 2019 tax tracker indicates strong personal income tax receipts over the last
week, with current collections about $2.5 billion over the projection for the month. The State
Controller's Office (SCO) tax tracker has similar results, with the additional data point of day-to-
day comparisons with the previous fiscal year indicating a strong April. Final April revenue
results will not be known until early May, when the large volume of returns, refunds, and
withholding has been processed.