[cctop]

Meanwhile it was reported yesterday that California has an unexpected $26 billion budget surplus this year.

Legislators planned for a 15% decrease in revenue due to Covid and cut the budget accordingly, but there was actually a surprising 9% increase from last year:

https://sacramento.cbslocal.com/2020/11/...-windfall/

Structural deficits are forecast to return next year, though.

According to a piece I heard on the radio, this year's surplus is due to the fact that most state revenue comes from people making over $60k a year, and as a group those people have shifted to working from home more successfully than anyone expected.

[cctop]

Meanwhile it was reported yesterday that California has an unexpected $26 billion budget surplus this year.

Legislators planned for a 15% decrease in revenue due to Covid and cut the budget accordingly, but there was actually a surprising 9% increase from last year:

https://sacramento.cbslocal.com/2020/11/...-windfall/

Structural deficits are forecast to return next year, though.

According to a piece I heard on the radio, this year's surplus is due to the fact that most state revenue comes from people making over $60k a year, and as a group those people have shifted to working from home more successfully than anyone expected.