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California reports $7.85 million general fund surplus
California ended the 1961-62 fiscal year with a preliminary general fund surplus of 7,849,307 dollars. Controller Alan Cranston announced revenues of 1,740,911,985 dollars, up 7 percent from 1960-61, while expenditures rose 4 percent to 1,733,062,678 dollars. Major income came from sales and use taxes totaling 751,220,102 dollars and personal income taxes at 258,906,318 dollars.
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Sacramento
UPI
Californa
Alan Cranston
Cranston