Yeah, that makes about as much sense as the "stimulus."
CA was already ahead of the fiscal year projection (upon which the budget is based) by $14.5bil in March.
And that’s before Uncle Santa Claus showed up with a whole bag of cash.
CA government had absolutely NO NEED for a bailout. None.
But Uncle Santa Claus sent the check anyway.
Even without the Fed money, CA was going to have to send money back to the citizens...by law.