Forecasting Revenue for California's Tax Revenue System

Dr. Jay Chamberlain 
Chief, Financial Research Unit, 
California State Department of Finance 

Dr. Chamberlain, a CSU, Chico alum, directs the California State Department of Finance unit that is responsible for estimating and monitoring revenues from the following taxes: personal income, sales, corporation, insurance, alcohol, cigarette, and motor vehicle fuel. The unit is also responsible for estimating motor vehicle registration and vehicle license fees.  In this presentation, he first explains the revenue structure for the State of California, listing and breaking down revenue sources.  He also presents graphs showing changes in state revenue sources since 1950. In conclusion, Dr. Chamberlain explains the revenue estimating methodology his staff uses to produce data on which to base the state budget. 

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Recorded: May 13, 2013