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Legally, the state HAS to return this money to the residents, they have no choice. Last year, they issued CA stimulus checks as well, for the same reason… because they LEGALLY HAD TO. This is due to a law passed by the GOP. If the GOP was smart, they would be screaming and hollering that they are responsible for putting cash back in the hands of residents… and they would be absolutely correct.
Thats absolute non-sense. You have 600 billion in debt surpluses can’t go towards that? The legislature could have stopped the checks. You’re branding the checks as inflation relief.
Legally, the state HAS to return this money to the residents, they have no choice. Last year, they issued CA stimulus checks as well, for the same reason… because they LEGALLY HAD TO. This is due to a law passed by the GOP. If the GOP was smart, they would be screaming and hollering that they are responsible for putting cash back in the hands of residents… and they would be absolutely correct.
Thats absolute non-sense. You have 600 billion in debt surpluses can’t go towards that? The legislature could have stopped the checks. You’re branding the checks as inflation relief.
Look it up. It is proposition 4 (from the 1970s) and is called the “Gann Limit.” It basically limits the amount of per-person expenditures raised from taxes to 1979 levels. It was passed along with prop 13, which limits our property tax increases.
Actually that is incorrect - CA only requires signing a budget that has expenditures not exceeding income, any excess goes to reserve funds - that is considered a balanced budget under current law. From californiaglobe.com ;
The $300B proposed budget had $some $30B proposed for the surplus initially, now may be some $49B - there is no requirement for all excess to be distributed or returned to taxpayers - they are planning on carrying a large amount in reserves for future need.
It's called the Gann Limit. It was passed in 1979. It is adjusted annually for inflation. It is a limit of the amount of surplus which may be retained.
It's called the Gann Limit. It was passed in 1979. It is adjusted annually for inflation. It is a limit of the amount of surplus which may be retained.
People can easily look it up under “Prop 4” or “Gann Limit,” but they’d rather argue with us. Lol
The surplus is coming in handy for the liberal incumbents.
Clear income redistribution - but the poor people will remain poor.
Tell me about it… i didnt get crap from the Golden State Stimulus…. Zip, zilch, nada, while my sisters got hundreds (despite me paying more state taxes) . I think I may be under the limit this time around.
If interest rates and gas prices keep going up then what happens next month when people will want even more relief ?
They have to wait until next year. Lol.
I doubt we’ll have the surplus next year, due to inflation.
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