Returning money to California taxpayers may aid state budget

Adam BeamThe Associated PressCalifornia Gov. Gavin Newsom’s proposal to send people another round of government checks, this time to help offset the record high cost of gas, will do more than just win him political points in an election year – it could help him balance the state’s budget.California had a record surplus last year and while not as large this year the excess could still reach $29 billion. The state constitution limits how much money the Legislature can spend each year through a complex formula based on how much money the state collects in taxes. The state has rarely surpassed the limit in the more than four decades it’s been on the books.But revenues have been climbing so fast that Newsom expects the state to be at least $2.6 billion past the limit thi
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