HomeCaliforniaThanks to California's Surplus, You Could Receive a $1,000 Check

Thanks to California’s Surplus, You Could Receive a $1,000 Check

If this year’s budget surplus is as large as California’s legislative analysts expect, you may be owed that much.

California’s legislative analysts suggest that if the projected budget surplus is as large as they think it will be, you may be owed that much, FOX11 reported.

In 1979, California voters approved Proposition 4, also known as the Gann Limit, which limits the amount of tax revenue the state is permitted to spend.

Spending is limited to the 1978-79 levels, with some expansion allowed based on population growth and personal income. In other words, we should receive a refund if we paid too much in taxes.

Read More: According to the latest data, more than 21,000 San Diego college students are eligible for CalFresh food assistance. 

When asked about the possibility of a rebate, Governor Gavin Newsom said that he would probably include some kind of rebate in his final budget proposal.

According to Susan Shelley, of the Jarvis Taxpayer’s Association, politicians are required to contribute to education and to refund other contributions.

However, she adds that they have a choice in how to handle the refund, as long as it is fair. Perhaps they can issue tax rebates.

NATE GARTRELL
NATE GARTRELLhttps://theeastcountygazette.com/
NATE GARTRELL is an author at TheEastCountyGazette.com, a publication in the East County region of San Diego County. He has been writing for the Gazette since 2012 and writes on many different topics including politics, business, health care and more.
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