California Comptroller Report for April 2008

The California State Controller has released his Statement of General Fund Cash Receipts and Disbursements for April. Here is the summary analysis.

Totals from the three largest taxes show a declining rate of growth. In April of 2006 the year-to-date increase in the big three taxes was 10.5% higher than the same period of the prior year. In 2007, the growth was 3.1%. By April 2008, the fiscal year-to-date growth had slipped
to 2.1%.