May Revenues Up $379 million!
Sunday, June 25, 2006
- Organization: State Department of Finance
The Department of Finance June 2006 Finance Bulletin states:
Monthly Cash Report
Preliminary General Fund agency cash for May was $379 million above the 2006-07 May Revision forecast of $5.756 billion. Including adjustments for actual April receipts that were not known when the May Revision forecast was prepared, year-to-date revenues are $380 million above the $82.950 billion that was expected. Although May is a significant revenue month, June is more important, because estimated payments for personal income tax filers and calendar-year corporations are due mid-month. More than $10.3 billion is forecast for June.
Click here to view the full DOF Report.
Monthly Cash Report
Preliminary General Fund agency cash for May was $379 million above the 2006-07 May Revision forecast of $5.756 billion. Including adjustments for actual April receipts that were not known when the May Revision forecast was prepared, year-to-date revenues are $380 million above the $82.950 billion that was expected. Although May is a significant revenue month, June is more important, because estimated payments for personal income tax filers and calendar-year corporations are due mid-month. More than $10.3 billion is forecast for June.
Click here to view the full DOF Report.
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