Category: California Budget Surplus

Newsom’s ‘Inflation Relief’ Payments Was Required by Spending Cap Law

Despite calling the program “inflation relief,” Gov. Gavin Newsom’s plan to send California’s middle-class families up to $1,050 this year follows a law that requires the state to refund budget surplus money to taxpayers. The governor, who is running for re-election this year, took to Twitter to celebrate the Legislature’s passage of the program last…


Newsom’s ‘Inflation Relief’ Payments Were Required by Spending Cap Law

Despite calling the program “inflation relief,” Gov. Gavin Newsom’s plan to send California’s middle-class families up to $1,050 this year follows a law that requires the state to refund budget surplus money to taxpayers. The governor, who is running for re-election this year, took to Twitter to celebrate the Legislature’s passage of the program last…


California Anticipates $97.5 Budget Surplus

California expects the largest budget surplus in the state’s history with $97.5 billion projected by summer 2023, Gov. Gavin Newsom announced on May 13. “Here in California, we’re putting in the work to grow our economy and implement real, inclusive policy change to create a brighter future for all,” Newsom said in a statement. Newsom…


California Anticipates $97.5 Billion Budget Surplus

California expects the largest budget surplus in the state’s history with $97.5 billion projected by summer 2023, Gov. Gavin Newsom announced on May 13. “Here in California, we’re putting in the work to grow our economy and implement real, inclusive policy change to create a brighter future for all,” Newsom said in a statement. Newsom…