California Senate leaders say budget surplus stands at $68 billion | app

SACRAMENTO, Calif. (AP) — California’s budget surplus has hit a record $68 billion, Senate Democrats said Thursday, fueling a series of new spending proposals that include returning $8 billion to taxpayers in the form of checks for $200.

In January, Democratic Gov. Gavin Newsom estimated California would have a $29 billion surplus this year. But since then, the state has collected far more taxes than it expected, as the wealthy — who pay much higher taxes in California — have gotten richer.

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