> I’m confused - I thought California had a record $100B budget surplus just last year?
It had a $100B projected surplus, which it couldn’t Constitutionally retain (or even spend, because of things like the Gann Limit on state appropriations), so it returned a whole lot of money to taxpayers through various credits and rebates.
You sure? ..I think we need the source law that prevents California from spending all it's surplus to be sure.
If it does count as spending, then increasing the rate of employer taxes so that other programs don't suffer because companies asked Cali to take out loans on their behalf than it'd be fucking stupid, gross, and backwards AF not to raise employer taxes.
It had a $100B projected surplus, which it couldn’t Constitutionally retain (or even spend, because of things like the Gann Limit on state appropriations), so it returned a whole lot of money to taxpayers through various credits and rebates.