California Senate leaders say budget surplus soars to $68B

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By Adam BeamThe Associated PressSACRAMENTO (AP) – California’s budget surplus has soared to a record $68 billion, Senate Democrats said Thursday, fueling a range of new spending proposals that include giving $8 billion back to taxpayers in the form of $200 checks.In January, Democratic Gov. Gavin Newsom estimated California would have a $29 billion surplus this year. But since then the state has collected a lot more in taxes than it had expected as wealthy people — who pay much higher taxes in California — got richer.Thursday, Democrats who control a majority of seats in the state Senate revealed how they would spend that money. The package includes a “Better for Families Rebate,” which would send a $200 check to every taxpayer who makes less than $125,000 per y
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