California Tax Revenue in September 2008

Compared to September 2007, General Fund revenue in September 2008 [pdf], was down by $465 million (-4.4%). Corporate taxes were below estimate by $485 million (-21.0%), and personal income taxes were below last September by $26 million (-0.5%). Sales taxes were $71.7 million greater (3.5%) than last year. The total for the three largest taxes was below 2007 levels by $440 million (-4.4%).