Liberals can never figure out why lowering tax rates and cutting back on restrictions actually produces more tax revenue. Ronald Reagan, who they figured was an amiable dunce, did it time after time after time. The liberals still attribute it to dumb luck.
This article resulted because of vague warning from Califronia's financial sector to an AP editor. The warning was triggered because some politicians are beginning to tout anomalous tax increases as proof that California's economy is on a strong rebound.
I imagine the legislature will have found new ways to spend it all by next Monday.
Yes, don't just stand there....get busy spending this money...start some programs "for the children"...GET THIS MONEY SPENT NOW!!!
One-time, i.e. non-recurring. All of which goes to inflating revenues that will be the basis for future expenditures under Prop 76. Not good, imo. I believe the tax amnesty program implemented last year has the same effect.