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But someone has to buy the bonds if they want to give out the stimulus as dollars. What are they doing in California? I haven’t been paying attention.
by lampshades 4y ago
But someone has to buy the bonds if they want to give out the stimulus as dollars. What are they doing in California? I haven’t been paying attention.
- milkshakes 4y agothey have a budget surplus
- dragonwriter 4y agoNot just a budget surplus (revenue above planned spending), but revenue that exceeds a State Constitutional cap on what the State government is allowed to spend (unless it is directed to very specific spending categories which are unlimited), and thus has triggered an obligation to return funds via some rebate mechanism.