stickdog wrote:
If California has a 74 Billion surplus it means that their ripping off the citizens.
The gross domestic product (GDP) of California was about 3.09 trillion U.S. dollars in 2020, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 32.8 billion U.S. dollars.
CA has the 5th largest GDP in the world. No doubt CA has some higher taxes. My guess is that with Covid in 2020 they had some shutdowns/freezes that resulted in the surplus. Most all states had surpluses.