California’s budget surplus has soared to a record $68 billion, Senate Democrats said Thursday, fueling a range of new spending proposals that include giving $8 billion back to taxpayers.
That proposal puts Democrats at odds with Newsom, who has proposed sending checks as large as $800 to people who own cars in California to help offset record high gas prices. Newsom says his plan will cost about $9 billion.
"We stand ready to act as soon as the Governor joins us in supporting a plan that provides stronger relief for California families," the Legislature’s top two leaders, Senate President Pro Tempore Toni Atkins and Assembly Speaker Anthony Rendon, said in a joint statement earlier this week. The Senate spending plan also proposes billions of dollars in aid for small businesses. It includes $10 billion in rebates over 10 years to businesses with 250 employees or less. This would essentially act as a tax cut for small business owners who are having to pay off a debt in the state’s unemployment trust fund.
Senate Republicans have proposed their own priorities, which include suspending the state’s gas tax — which, at 51.1 cents per gallon is the second highest in the country — and creating a $10 billion "Mental Health Infrastructure Fund" to help pay for care of the state’s homeless population, which includes many people with mental illnesses.
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