California expects a record $97.5B budget surplus
nytimes.com
nytimes.com
Let's not pretend California has suddenly become fiscally responsible.
California took in record taxes each year during the pandemic
the WSJ bills it as 10 billion. The LA times bills it as 1 billion for "the next decade". It's all in the phrasing right?
regardless of the phrasing, to me it sounds like free money for homeowners and an anchor on the lower income if property prices dont keep increasing.
https://www.latimes.com/california/story/2022-05-11/new-cali...
https://www.wsj.com/articles/california-legislative-leader-w...
The issue is not demand, it’s supply. But if we increase supply we will be killing the piggy banks of most people. It’s horrible, and will likely end in complete catastrophe in the next 20 years.
Until then, BTFD.
Nah..
As if that has something to do with how incompetently the state is run, rather than the inflation caused by the Fed and enormous federal overspending.
> Once again, as California heads into a gubernatorial election, the massive surplus allows Mr. Newsom to sprinkle cash across the state.
Once again, rare gains will be spent on vote buying, and next year when record budget deficit hits California, they'll whine how they have no choice but borrow more and increase debt and taxes.