Newsletter The view from Sacramento For reporting and exclusive analysis from bureau chief John Myers, get our California Politics newsletter. AdvertisementBillions (and billions) more than expectedNewsom’s proposed budget will be based on revenues collected through the end of December as well as an updated forecast for 2022. November’s state finance report says those 2020-2021 revenues were $4.8 billion above expectations. In fact, one surprising part of the cash bonanza can be found in the daily tally of corporation tax revenues. A viewing guide to the budgetNewsom’s state budget proposal, still under wraps until he briefs reporters on Monday, will take some time to fully understand.

Source: Los Angeles Times January 08, 2022 04:54 UTC