SACRAMENTO – For the month of August, California took in more revenue than estimated in the budget enacted at the end of June, State Controller Betty T. Yee reported.

Total revenues of $9.98 billion for August were higher than anticipated in the budget by $1.14 billion, or 12.9 percent.

For the first two months of the 2018-19 fiscal year, revenues are $846.0 million, or 5.4 percent, higher than projected in the enacted budget.

While corporation tax missed the mark for the month of August, personal income tax, or PIT, and sales tax – the other two of the “big three” revenue sources – came in higher than assumed in the enacted budget.

For August, PIT receipts of $5.94 billion were $440.3 million, or 8.0 percent, more than expected.

August corporation taxes of $92.3 million were $74.9 million, or 44.8 percent, below 2018-19 Budget Act estimates.

Sales tax receipts of $3.50 billion for August were $766.4 million, or 28.0 percent, more than anticipated in the FY 2018-19 budget. Most of the variance was due to when the money was recorded.