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Maybe it's just a blip, but California beat expectations for tax collections in October by 7.1 percent, or $285 million. The reason was higher-than-expected revenues from corporate taxes. Personal income taxes came in as expected while sales taxes were off 9 percent. California remains way behind in general fund receipts, and Gov. Arnold Schwarzenegger predicted a new round of budget cuts. (Capitol Alert, LAT)
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.