A new report that compares state finances finds California’s budget revenues are soaring higher than all but one other state in the nation. Its economy is growing at an above-average pace as well.
The study comes from the Tax Policy Center – a project of the Urban Institute and the Brookings Institution. It compares state tax revenues, economic growth and other data for all 50 states.
Among the findings: California tax revenues jumped by 35 percent from the first quarter of last year through the first quarter of this year. That’s second only to North Dakota and well ahead of third place Montana.
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