Abortion, inflation and crime: How Newsom would spend record-setting California surplus
by John Myers, Los Angeles Times
May 13, 2022
3 minutes
SACRAMENTO — Gov. Gavin Newsom’s $300.6-billion state budget proposal was sent to the California Legislature on Friday, a far-reaching plan to use a historic tax surplus to boost both government services and the size of the state’s cash reserves.
Lawmakers are required to send a final plan to Newsom’s desk by June 15. California government’s fiscal year begins on July 1.
The governor’s proposal spans both long-term investments and immediate cash rebates, largely made possible by a towering $97.5-billion tax surplus through next summer. Over
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