The forecast projects a $7.7 billion general fund surplus for the current FY 2022-23 budget cycle, and a $6.0 billion structural balance for the upcoming FY 2024-25 budget cycle. These projections represent a historic opportunity to make transformational changes to build a more equitable recovery.
Tag: general fund balance
All tax plans on the table raise revenues: the difference is how much and who benefits
The negotiations to reach a budget deal this session have at times been characterized as a debate between raising taxes… Continue reading All tax plans on the table raise revenues: the difference is how much and who benefits