Posted on 05/13/2022 8:32:36 PM PDT by ChicagoConservative27
SACRAMENTO, Calif. — California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday.
Newsom unveiled a revised budget plan of just over $300 billion for the next fiscal year, the highest in state history and fueled by surging tax revenues. The state has collected $55 billion more in taxes than officials expected in January, leaving it with an estimated $97.5 billion surplus.
(Excerpt) Read more at nbcnews.com ...
COVID bailout bucks ultimately borrowed from China.
Returning any of it to the taxpayers is completely out of the question.
L
This is a re-election commercial.
THAT’S a bingo!
Of course there’s a windfall.
People leaving the state in record numbers; selling their homes at inflated prices with a significant portion going to the state taxes; state anticipating immense property tax increases based on the sale price.
Newscum must be delirious.
That’s exactly what’s happening.
And all those foreign buyers can’t vote to reduce their property taxes...so it sticks.
They don’t care. Money parked in US, not China.
U.S. National debt: $30 trillion.
California budget surplus: $97.5 billion.
Harvard University: endowment $42 billion.
This is so much horsepuckey, it is difficult to know where to begin. Kalifornia ‘borrowed’ a great deal of federal money to fund unemployment payments (long before Covid). Much of that has not been paid back.
Many budget items are ‘off book.’ Not ‘counted’ as regular, annual budget items.
I’d say it’s a presidential commercial
I forgot about the Covid bailout bucks.
That was my first thought.
The guy is such a plastic leftist loser, I thought there is no way he could win nationally, but...they managed to get a corpse close enough to steal the election, so I don’t discount anyone.
Balanced budget=potus material. If its’strue.
There will no doubt be legions to whom hundreds of billions of “free” dollars will not be a consideration.
Wait until they have to start honoring all the pensions they promised to the public service unions. These people retire at 55 and suck off the public teat for 30-40 years.
Would love to see an audit of where all the COVID money went.
It’s tough to believe, but yes short-term liberal economics can work well. CA’s state budget of $300b is insane. But it’s also a very rich state with lots of taxes and seems to be running fairly well so far.
Wait until they have to start honoring all the pensions they promised to the public service unions. These people retire at 55 and suck off the public teat for 30-40 years.
You don’t live here do you?
Try driving down pretty much any city street that outside Bel Air or Beverly hills, the pot holes could stop an Abrams tank.
Look at all the crime and garbage on the average streets of any town.
Seems strange to me; a 97.5 billion dollar surplus but the states infrastructure is a pile of shit!
Pritzger appears to have done the same thing here in Illinois.
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