Gov. Gavin Newsom released his Friday, May 13, “May Revise,” which updates the proposed budget he released in January. The state’s $301 billion budget, larger than most countries, contained a big surprise – our budget surplus has grown to $97.5 billion.California has some of the highest taxes in the United States, as the surplus demonstrates. So are we about to have some big tax cuts? I’ve advocated to suspend the gas tax for a year, try to spend down some of the state’s unfunded liabilities, estimated in the billions and give a refund back to hardworking Californians to help defray the cost of living.Well, no, the governor and the majority in Sacramento actually believe we aren’t taxed enough. Apparently the surplus is too low. Why else would they not prevent a s
