Wall street profits are at a record high, surpassing any projections and allowing us to incorporate more revenue than anyone anticipated. Those record profits translate into increased tax revenue, $2.4 billion more than anticipated in fiscal year 2026 and $4.9 billion more than anticipated in fiscal Year 2027. That's on top of revenue already added in the November plan. We are being as aggressive as we can in recognizing additional revenue and have surpassed the state in our estimates of personal income tax, corporate tax, and sales tax. (06:15–06:28)
CLAIM
Asserts increased tax revenue due to record Wall Street profits.
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