California budget surplus over $75B, including $26B from Biden stimulus

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Cal­i­for­ni­a’s state bud­get has grown to $75.7 bil­lion, Gov. Gavin New­som said Mon­day, thanks to a recov­er­ing econ­o­my, bet­ter-than-expect­ed tax rev­enues, and aid from the fed­er­al gov­ern­men­t’s Feb­ru­ary stim­u­lus package.
This marks a dras­tic turn­around from last sum­mer, when Cal­i­for­nia was fac­ing a bud­get deficit of $54 bil­lion and New­som pro­posed slash­ing the state bud­get by 9% and cut­ting state work­ers’ pay by one-tenth in order to bal­ance the budget.
AVERAGE PRICE FOR USED CARS HITS RECORD $25,463 AMID …

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