May 12, 2018

California shatters tax revenue expectations

Jerry Brown

California Governor-elect Jerry Brown speaks during a press conference. Photo: David Paul Morris/Getty Images

California Gov. Jerry Brown said yesterday that as few as 15,000 tax filers in the state provide one-quarter of all income taxes, reports the LA Times.

The Golden State collected "an unexpected $9 billion in tax revenue in recent months, $3 billion more in cash than projected in January." Brown plans to use a large chunk of the money to combat the state's homelessness problem.

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