Gov. Gavin Newsom delivers his annual State of the State address in Sacramento, Calif., Tuesday, March 8, 2022.
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. He’s proposed giving $400 checks to registered car owners in the state, with up to two checks per person. That would cost the state about $11.5 billion, he said. Though the money would only go to car owners, Newsom said it should be considered “inflation refund and relief."
Democratic lawmakers, though, have a different idea on how to provide relief. They want to give $200 checks only to those below a certain income level.
Hardly any details about what this record budget will accomplish beyond ‘propping up Newsom’s political credentials’. Record surpluses mean it should have started with reducing taxes & refunding $ or finding ways to reduce COL in this state. None of our reps are helpful.
Your money in Newsom's hands. A budget surplus is a result from OVER-TAXATION. Stop taking money from the poor for your unsuccessful pet projects. GavinNewsom is drunk on the job again.
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