Dennis Wyatt Sacramento is expected to be awash in cash this year.
Thanks to a string of extremely successful initial public offerings of tech companies such as Airbnb and DoorDash, the state budget is expected to have a $15.5 billion windfall from one-time capital gain tax collections.
Much of this is being proposed by Gov. Gavin Newsom to plug massive holes the pandemic created in school funding as well as to underwrite COVID-19 economic relief efforts for all Californians who are here legally or otherwise. One aspect of his relief plan is putting $600 into their pockets if they make $30,000 […]
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