LOS ANGELES – How would you like a $ 1,000 check from the state?
According to California law analysts, you could owe as much if the projected budget surplus – estimated at about $ 45.7 billion – is as large as they think it will be.
Back in 1979, California voters (by a large majority) approved Proposition 4, known as the Gann Limit, which sets a constitutional limit on how much tax revenue the state can actually spend. The border limits government spending to its 1978-79 levels, allowing for some growth based on population and personal income. In other words, if we paid too much in taxes, we would have to get it back.
While Governor Newsom’s proposed budget did not include any such repayment, he has said on the question that he would likely include some form of stimulus rebate in his final draft.
He better, say lawmakers like State Senator Brian Jones, from the San Diego area. How much should we get? According to him, about $ 1,125 per. person, or $ 4,500 for a family of four.
Susan Shelley of the Jarvis Taxpayer’s Association explains that politicians have a mandate to donate some money to education and repay the rest. But quickly adds that they have an opportunity to decide how to refund as long as it is reasonable, according to the law. So they might be able to issue tax rebates.
If you want to literally ask for your money back – seek your legislator and write or call. If you do not know who they are, check them out findyourrep.legislature.ca.gov.
I do not know about you, but I could use the money right now.
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