California tax revenue yields multibillion-dollar surplus

SACRAMENTO -- April tax revenue continues to outpace expectations even in the slower final days of the month, according to the latest figures.

The nonpartisan Legislative Analyst's Office said Tuesday was "unexpectedly strong," with $678 million flowing into state's coffers.

By the end of the month, total revenue for the fiscal year could be $4 billion ahead of targets set by Gov. Jerry Brown's administration. Read more...

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