California's January revenue $5.1 billion over forecast

SAN FRANCISCO Thu Feb 14, 2013 5:51pm EST

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SAN FRANCISCO Feb 14 (Reuters) - California's revenue in January came in $5.099 billion over forecast in Governor Jerry Brown's state budget plan, propelled by a surge in revenue from personal income tax collections following voter-approved income tax increases in November, the state's finance department said on Thursday.

Personal income tax revenue was $4.951 billion above projection, while the state's fiscal-year-to-date revenue is $5.112 billion above expectation, the department said in a report.