In CA bike and walk paths are considered infrastructure.
Yes, and the chocolate ration has been increased from 10 ounces a month to four ounces a month.
It’s not saved , they just haven’t figured out where to waste it ,yet
What a great opportunity for California to lower their state and local taxes to compensate for the reduction in the amount that their citizens can now deduct from federal taxes!
I am betting that they will just spend it and raise taxes instead.
Gee, that is a rather rosy picture they paint, isn’t it?
IF WE DISCOUNT ALL THE UNFUNDED PENSIONS, MONEY BEING SPENT ON ILLEGALS, AND USELESS TRAINS, WE SIMPLY HAVE SO MUCH MONEY WE CANNOT SAVE ANY MORE OF IT!
Government pension funds are all flush the cash? Everything rosy? Tax receipts from all the illegal aliens are flooding in?
Fantasy Land.
They’ll spend it on illegals and open borders. Nothing will ever go to the people of California.
Not that the California legislature would, but is there really no provision to allow them to reduce their net bond indebtedness with the tax surplus?
People wonder how California does it. How do they run a quasi-socialist nanny-state, with the greatest amount of poor people in the country, free health care for illegals, etc... and still have a big surplus?
The answer is because they are, for now, at the center of our Federal Reserve inspired, printed money debt bubble. Those $ Trillions of QE and massive debt, fed by near zero interest rates, are flowing through a few spots in Coastal California at the moment, mostly because of their legacy. How long can that last?
They won’t lower taxes.
By law, the fund can only hold 10 percent of the state’s projected general fund revenue as a hedge against the cuts that would come in a recession.
By Law? Since when did the democrats give cr*p about following the law? The only ones they want following the law are Conservatives, but only if that inconveniences, embarrasses or politically damages Conservatives and America.
Yeah - so awash in excess cash they want businesses to turn over billions of their tax cut proceeds....
This is a bald-faced lie! CA is broke!
Interestingly, many folks here derisively talk about the dire financial condition of CA.
And they’re wallerin’ in money.
Every state should have this problem, eh?
OF COURSE it means taxes are too high. It also means the State has plenty to meet their obligations.
and the criminal governor and legislature passed a law monumentally increasing vehicle and gasoline taxes instead.
And are we aware that Governor moonbeam is failing to explain, how the high speed state train line that he "loves" has increased in cost 500% since it was presented to the voters?
They could use that money to pay back the Federal Government the FUTA (Federal Unemployment Trust Account) money they owe.
“Because California has not repaid the federal government its loan from the Federal Unemployment Trust Account, or FUTA, employers are on the hook this year for up to $147 [actually, I think it’s more] per employee.”