They claimed poverty was the reason the gas tax was needed as the state could not afford to fix roads.
ML/NJ
They’ll just pump up their own pensions .
“Aaaaand....it’s gone”
I thought the elimination of the state tax subsidy(SALT) was going to leave Cali. broke. Yet another liberal lie.
http://www.sacbee.com/opinion/california-forum/article209303974.html
That "rainy day" is your secession from the union, when you will owe your share of the national debt.
California is being smart. Boom times are when government should stockpile revenues, then they can cut taxes to help when the economy slows.
If you cut taxes when the economy is strong, what do you do when growth falls, as cyclically it always does? Unlike the Federal government California cannot print unbacked IOU’s.
Because with slight of hand accounting it will be redirected to the tens of billions of underfunded State Employees Pension Funds.
Give money back to people who’ve earned it???
NONSENSE!!!!
Build a couple desalination plants.
Refund? You get NOTHING!
All your money are belong to us.
Perhaps they could shore up their pension funds.
This is why they are 5th largest economy in the world. They are smart to keep it for the nexus t down turn unlike other then states that are not doing the savings. As a conservative, this move to save should be positive.
God, please let John Cox be elected Governor...
All the money in the world is not enough. Bigger government has a bigger appetite.
I don’t believe for a second that they’re actually cash rich. If they are Jerry Brown can sink that money into the Bullet train for a few more years before it gets scrapped. Or provide janitorial services to huge blue cities with Sh*t, used syringes, condoms and women thingies.
Is today April 1?
Because, in a Marxist State, all assets are the property of The Collective.
This all just slight of hand bullshit from the democrats, with all the pension liability, free food, lodging and healthcare to illegals, robbing from the highway fund, lack of spending on critical infrastructure, can you say dam spillways, and ridiculous boondoggles like Moonbeams bullet train up the ass of California taxpayers to cap his lifetime achievement of screwing California residents I can guarantee that the so called surplus is as bogus as a three dollar bill.
refusing to return the surplus to taxpayers was Brown’s mistake in his first reign. It lead to prop 13. Now we will revoke his gas taxes in November.