Yes, CA has a budget surplus. It also has constitutional spending limits that prevent the use of the surplus and this prop partially circumvents those spending

Yes, CA has a budget surplus. It also has constitutional spending limits that prevent the use of the surplus and this prop partially circumvents those spending limits. No, CA has a regressive tax system (considering sales tax and low property taxes for generational wealth and corporations). The generational wealth component was recently addressed, but was accompanied by another property tax break for the rich.