They never actually had that surplus, it was projected revenue. The projections were wrong - they extrapolated, then planned spending around that. Source: https

They never actually had that surplus, it was projected revenue. The projections were wrong - they extrapolated, then planned spending around that. Source: https://calmatters.org/commentary/2023/10/california-budget-whiplash-pitfalls-forecasting/ https://calmatters.org/commentary/2023/10/california-budget-...