California S Cash Surplus Projected To Be So Large Some Could Go Back To Taxpayers
The forecast comes from California’s independent Legislative Analyst’s Office (LAO), which released their annual Fiscal Outlook report Wednesday, predicting a $31 billion surplus in the state’s 2022 budget year that begins July 1, 2022. Governor Gavin Newsom and state lawmakers can cut taxes, raise spending on public schools and infrastructure or give rebates to taxpayers, the most likely option as the decision will be made in an election year, according to the AP....