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California is a very high tax, and people are very willing to approve deferred taxes (bonds). California has had a record surplus for the last few years, and ev
by WillPostForFood 4y ago
California is a very high tax, and people are very willing to approve deferred taxes (bonds). California has had a record surplus for the last few years, and even sent money back to citizens. If HSR is starved for cash, it isn't because California is frugal or doesn't have any money to spend.
- 8ytecoder 4y agoCalifornia made it mandatory for the govt to hold a certain percentage of their budget in a surplus fund after the last time the state almost went bankrupt which also has a cap - hence the surplus and the refund. Otherwise, I agree. CA definitely has the money to build a HSR. Tax collection has been extraordinarily good the last few years in spite of all the challenges.