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- Written by: State Controller's Office
For the fiscal year overall, the “big three” sources of General Fund revenue – personal income tax (PIT), retail sales and use tax, and corporation tax – are beating estimates in the enacted budget.
For the first nine months of the 2017-18 fiscal year, total revenues of $89.10 billion are 3.4 percent higher than expected in the January budget proposal and 6.4 percent above the enacted budget’s assumptions.
For March, PIT receipts of $4.22 billion were 6.2 percent higher than the 2017-18 Budget Act’s projections, but 4.2 percent lower than anticipated in the proposed budget. For the fiscal year, PIT receipts are $3.17 billion higher than expected in the 2017-18 Budget Act.
Controller Yee launched an online tracker to show daily PIT receipts through April, the busiest filing period. State and federal returns for the 2017 tax year must be filed by April 17, 2018.
Corporation taxes for March of $1.31 billion were $549.2 million, or 72.4 percent, higher than forecasted in the governor’s proposed budget. This variance is largely because receipts were about $530 million more than anticipated. For the fiscal year to date, total corporation tax receipts are 32.5 percent above assumptions in the 2017-18 Budget Act.
Sales tax receipts of $2.06 billion for March were $10.4 million lower than anticipated in the governor’s budget proposal unveiled in January. For the fiscal year, sales tax receipts are $410.1 million higher than the enacted budget’s expectations.
Unused borrowable resources through March exceeded revised projections by 41.0 percent. Outstanding loans of $11.84 billion were $5.18 billion less than expected in the governor’s proposed budget and $6.43 billion less than 2017-18 Budget Act estimated the state would need by the end of March. The loans were financed entirely by borrowing from internal state funds.
For more details, read the monthly cash report.
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- Written by: Editor
Hours are Friday, noon to 6 p.m.; Saturday, 10 a.m. to 6 p.m.: and Sunday, 10 a.m. to 5 p.m.
The event is open to the public.
Admission of $7 is valid for the entire weekend.
Exhibitors from all over the world will be on site with the largest selection of fine jewelry, crystals, gemstones, beads, minerals, fossils and much more.
Take advantage of buying direct from the importers and wholesalers. From loose gems, raw minerals and millions of bead strands, to finished jewelry, fashion accessories, supplies and tools, find them all under one roof.
Jewelry repair, cleaning and ring sizing service is available while you shop. Free door prize drawings are conducted every hour throughout the weekend.
For more information, visit www.gemfaire.com or contact Gem Faire Inc. at 503-252-8300 or
- Details
- Written by: State of California
Funding associated with this program will support trade development and enhancement activities that help small businesses enter or expand their exporting activity to additional markets.
As the program administrator, CDFA is seeking project proposals from qualified entities to conduct export development activities in foreign markets to assist California businesses in trade expansion.
Activities may include foreign trade missions and trade show exhibitions. Suitable promoted product categories include, but are not limited to: aircraft /automotive parts; construction; manufacturing equipment/technology; medical devices; pharmaceuticals; health and beauty; food and agricultural products; and green/sustainable technologies.
Grant funds will not be awarded for projects that directly benefit or provide profit to a single organization, institution or individual. Federal funding is dependent on a competitive grant award by the U.S. Small Business Administration to the State of California.
Total available federal funding for California activities is estimated at $900,000.
Applications must be submitted online at https://citd.org/step-2018-2019-export-promotion-concepts/ , no later than April 18, 2018, 5:00 p.m. (PST).
Further information on the grant program, including timeline and application criteria, are available at: https://citd.org/step-2018-2019-export-promotion-concepts/.
CDFA will host a webinar to provide an overview of California STEP on Monday, April 9, 2018 at 10:30 am PDT. Prospective applicants interested in attending can RSVP at
The California State Trade Export Promotion (STEP) Program is a partnership between the Governor's Office of Business and Economic Development (GO-Biz), CDFA, the California Community Colleges Chancellor's Office and the California Centers for International Trade Development.
The program brings together state, federal, private and non-profit trade promotion organizations to promote export activities among targeted industries. California STEP is funded in part by a U.S. Small Business Administration Grant.
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- Written by: California State Fair
SACRAMENTO – California is known for its wine, and the California State Fair's Commercial Wine Competition is a coveted award that has been a key part of the state's robust wine industry.
The California State Fair is also the oldest wine competition in the country, which means winning top honors at the fair's competition is quite an achievement.
This year, 2,705 California wines from 691 wine companies were judged over three days. The wine judges are selected from respected winemakers, wine merchants, writers, promoters and educators from across the country. Once again, the judging was led by Mark Chandler.
"Consumers should find lots to celebrate among our string of medal winners," said Chandler.
And he's right. In all, 98 double gold medals, 267 gold medals, 1,033 silver medals and 1,156 bronze medals were awarded.
There were also 320 best of class of varietal awards, 24 best of California awards, 22 best of region awards, three best micro winery awards, the best value award, the Golden State Winery of the Year Award and five best of show awards.
The 2018 Top California State Fair Commercial Wine Competition winners are:
Best of Show Red: Double Gold 99
St. Amant Winery
2016 Touriga, The Old Soldier
Amador County
Best of Show White: Double Gold 99
Picchetti Winery
2017 Sauvignon Blanc
Cedar Lane Vineyard
Arroyo Seco
Best of Show Sparkling: Double Gold 99
Gwinllan Estate
2016, Pinot Noir Rose, Brut Sparkling Wine
El Dorado
Best of Show Pink: Double Gold 99
Malene
2017 Rosé
Santa Barbara County
Best of Show Dessert: Double Gold 98
Stephen & Walker
2012 Botrytis Chardonnay, Late Harvest
Mendocino Ridge
Golden State Winery of the Year
Imagery Estate Winery
Golden State Vineyard of the Year Award
Paraiso Springs Vineyard
Wine Lifetime Achievement Awards
Greg Boeger
The Bogle Family
California All Stars Awards
Ken Fugelsang
Dennis Martin
A searchable list of the 2018 CA State Fair Commercial Wine Competition winners can be found here.
The awards for Golden State Vineyard of the Year, Wine Lifetime Achievement, and California All Stars were awarded during a Wine Judges Dinner at the Old Sugar Mill in Clarksburg on March 27th. See more about the winners and the awards here.
The Best of Show commercial wine competition winners will be acknowledged the morning of Thursday, June 21, on the west steps of the Capitol.
Later that evening, the winning winemakers will sample their wines at the Best of California Tasting event at Cal Expo, held prior to the California State Fair Gala benefiting The Friends of the California State Fair. You can find more information about the Best of California Tasting Event at http://CAStateFair.org/gala.
The commercial wine competition winners will also be presenting during the CA State Fair Taste of California Experience Classes July 13 to 29.
Fair guests can learn how to taste and pair the best California wines during these classes taught by wine experts. Registration for these classes begin in May at http://CAStateFair.org.