They know its there and the article tells you why. The thing is as of now its not repeatable unless people take profits again. They simply are not sure of the final count. Whatever they sold prior to take advantage of the tax cuts expiring was one time. They would need to do it once again for the surplus to be repeated. Let them spend it. Next year they’ll be walking around with a tin cup again.
This projection assumes that people earned more, did not change their habits, that businesses and taxpayers did not move out of state and a bunch of other idiocies I bet.
A projection is not the same as cash on hand. I still think they’re counting chickens way too soon.
A lot of fundamental things need to change in CA. Starting with the generosity towards non-producers, and the multiple carrots offered to illegals despite the people speaking clearly on that issue.
The problem is that too many politicians think that the people exist to serve government. That’s true at almost every level.