Analyst: California expected to see $31 billion budget surplus
Analyst: California expected to see $31 billion budget surplus
By Adam Beam | Associated Press
SACRAMENTO — California will have a $31 billion budget surplus next year as revenues continue to climb despite the pandemic, according to a new forecast from the state’s independent Legislative Analyst’s Office.
The predicted surplus is so large the office estimates California will surge past a constitutional limit on state spending by more than $14 billion. That…