Although its economy was stagnant and its state budget was imbalanced, California saw one of the nation's sharpest increases in state tax revenues during the 2010-11 fiscal year, according to a new Census Bureau report.
California's 11.3 percent increase to $116.7 billion over the previous fiscal year was the sixth highest jump among the states. North Dakota (44.5 percent) and Alaska (22.4 percent) -- topped the list, likely because of increases in oil prices,. Oil severance taxes accounted for nearly half of North Dakota's state revenues and more than three-quarters of Alaska's.
California's increase, meanwhile, appears to have come mostly from some temporary sales and income taxes increases that were enacted in 2009 but since have expired. Gov. Jerry Brown is now proposing to restore those revenues with a plan on the November ballot to raise the sales tax by a quarter cent and increase income taxes on those earning more than $250,000 a year.
The Census Bureau report covers all tax collections, regardless of source or destination, including vehicle and fuel taxes. Nearly half of the state's revenues -- $60.1 billion -- came from personal and corporate income taxes while sales taxes generated another $45.1 billion.
Editor's Note: This post has been updated to reflect corrected numbers for California provided by the U.S. Census Bureau. Updated 2:54 p.m., April 17, 2012.