State Controller John Chiang said California’s total revenues in May came in 5.9%, or $408 million, above estimates in the governor’s May revise budget.
Chiang released the figures Tuesday and called on the Legislature to pass a balanced budget that would not endanger the state’s move toward recovery.
Lawmakers passed a budget Wednesday but on Thursday it was vetoed by Gov. Jerry Brown.
State sales taxes rose 9% or $305 million over projections in May, personal income taxes increased 0.4% or $12 million over estimates, but corporate taxes fell 3.9% or $11 million over the period, according to the controller.
At the end of May, Chiang said the state faced a $14.9 billion cash deficit.