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California poised for $19B surplus

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California is on track for a $19 billion surplus that the state's government is slated to spend by the end of its fiscal year on July 1.

The state collected $10.5 billion more in taxes during 2020, despite the coronavirus pandemic.

The funding is expected to trigger a state law requiring the government to issue refunds to taxpayers.

Read more from Fox Business.


1 comment on this story |
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I bet the California assembly finds a way to keep the surplus. That's not in the democratic playbook to give up that kind a of loot.

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