State budget surplus raises prospect of a new round of stimulus checks

Remember the Golden State stimulus checks? Well, more might be landing in your bank account in the near future.

That’s because California is — once again — overflowing with money, and will likely have a $31 billion budget surplus next year, according to a Wednesday report from the independent Legislative Analyst’s Office. And because the state is forbidden from spending more tax dollars per Californian than it did in 1978, once adjusted for inflation, it only has a few options for handling most of the cash windfall: slashing taxes; issuing tax rebates; funneling it to schools and community colleges; or earmarking it for certain purposes, such as infrastructure.

For more, click here