Monday, March 10, 2008

California Sales Tax Receipts Down Again in February

This is from the February California Controller's report.

Sales taxes had the weakest year-over-year revenue growth, falling $59 million below (-1.6%) last February. Income taxes were up $58 million (3.7%) and corporate taxes grew by $26 million (17.5%). In total, the three largest taxes were $25 million higher (0.5%) than February 2007.
These year-over-year changes are not as bad as they were in January. However, February 08 was 3.6% longer than February 07 (leap year), making the comparison easier.

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