California’s embarrassment of tax riches

California’s embarrassment of tax riches California’s embarrassment of tax riches

By JON COUPAL 

California politicians, including Gov. Gavin Newsom and majority party legislators, practically break their arms trying to pat themselves on the back for the fact that California has a large and unexpected budget surplus.

According to last month’s report from the California Department of Finance, general fund receipts for the first seven months of the current fiscal year were $10.5 billion above the Governor’s Budget forecast. But government policies had little to do with the generation of this […]

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