But of course the great Gov. Gavin will spend it like a drunk uncle and give it all away…to more po’ folk…great forethought….
I helped w/ creating the surplus, however, won’t receive any of it back…it’s just $600 or so, but I just paid more for baby mamas…yay!!
“The projected $75.7 billion budget surplus is largely due to taxes paid by rich Californians who generally did well during the pandemic, and marks a major turnaround after officials last year said they feared a deficit of more than $50 billion. Officials from the state Department of Finance said multiple rounds of federal coronavirus bills boosted the state’s budget by putting money back into the economy. The stock market also did well, helping California’s tax collections. The state relies heavily on income taxes from the wealthiest people.”
“Under his plan, roughly 11 million low- and middle-income Californians would see direct, one-time payments. Taxpayers making between $30,000 and $75,000 a year would get a $600 payment. Households making up to $75,000 with at least one child would get an extra $500 payment. It builds on an earlier payments to the lowest-income Californians and immigrants who pay taxes but did not get federal stimulus payments, including those living in the country illegally.”