California Estimated to be in a 31 billion dollar surplus next year :banderas:

DrexlersFade

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SACRAMENTO, Calif. (AP) — California’s independent Legislative Analyst’s Office is forecasting that the state will have a $31 billion budget surplus next year.

The predicted surplus is so large the office estimates it will exceed a constitutional limit on state spending by more than $14 billion.

That could require Gov. Gavin Newsom and state lawmakers to either cut taxes, spend more money on schools and infrastructure or give rebates to taxpayers. California’s tax collections have continued to soar despite the pandemic.

From April to June of this year, California businesses reported a 38.8% increase in taxable sales. The Legislative Analyst’s Office says it’s impossible to know whether these revenue gains are sustainable.


Imagine how much they would have if they didn't have to take care of broke Red states.

Live in Republican states bruhs:mjlol:
 

Obreh Winfrey

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I thought Cali was broke from Covid and shyt :wtf:


It would be nice to know what they plan to do with that money tho.
You thought
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