Controller releases California tax refunds
SACRAMENTO ” California is issuing tax refunds again now that the state has passed a budget.
State Controller John Chiang announced Friday his office will begin releasing nearly $2 billion in payments that were due to residents who filed income taxes and are currently owed refunds.
Payments will also be made to student aid, senior care assistance and companies that do businesses with the state.
Even though the state budget was passed more than two weeks ago, the controller’s office said it took time to verify spending changes.
Payments for this month will be made on time.
Chiang has previously estimated his office would withhold $3.3 billion in February but the actual amount withheld was $2.8 billion.