- Apr 28, 2015
- Reaction score
- Third Coast
- Political Leaning
California's budget surplus has exploded to $68B
Lawmakers are eagerly preparing a wishlist for the estimated windfall.
Californians could receive billions in tax rebates later this year as the state’s budget surplus continues to explode.
State Senate leaders on Thursday released an extensive wish list for spending the windfall — now estimated to be as high as $68 billion. That staggering figure is the high end of a projection from the nonpartisan Legislative Analyst’s Office, which in January put the number far lower, at $29 billion.
Hello, what's this? Record setting budget surplus? From California?
For whatever reason, California seems to often be a punching bag for Republicans & Conservatives, who claim California is everything wrong with America.
However, it would seem in terms of balancing their budget - California may be among the best in the nation.
It looks like the continuous stories of California going broke, are just that - stories!