California is running a very large budget surplus—$31 billion worth—and the men and women of that State’s government really and truly don’t know what to do with it. Especially since the voter-approved Gann Limit doesn’t let the government run that big a surplus.
Here’s a thought.
Maybe pay a tax refund to the citizens of California, and sock the rest of the surplus away in a State rainy-day fund.
Nah. Waste of money. Those citizens would only waste it on their own needs and wants, rather than spending it properly. And who needs a rainy-day fund? California has droughts.