The State Controllers Office reported on Monday that the state had nearly $7.5 billion in cash with no specific earmark or scheduled use. It means were taxing too much, Berger said in a news release Tuesday. Revenue collections for the year ending June 30 will be $1.9 billion more than was anticipated in February alone, according to a consensus forecast from Coopers state budget office and the legislatures fiscal research office. The current 2.5% corporate rate still would continue on its downward trajectory in 2024 and be eliminated in 2028. There was a stand-alone correction agency until 2012.
The State Controllers Office declared categorically that they will not exceed their budget surplus in the year ending June 30.
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The State Controllers Office declared categorically that they will not exceed their budget surplus in the year ending June 30 .
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