I agree. I don’t think financially it’s a it. It’s more of a “WTF are you gonna do with the money” question…I stand by my assertion those hit will be the ones on minimum wage now that costs in general in CA are going up. .25% sales tax increase might not seem like a big deal, but for someone really scraping by…It’s a problem.[/quote]
What they’re going to do with it is avoid the huge hit to education spending that otherwise would have been necessary. As has already been suggested, I’m sure there will be other interests fighting for this “new” money, except there is no “new” money.
It will be interesting to see if Jerry Brown stays the course and insists on cutting other spending. He didn’t campaign as a free spender. So far he’s kept his promises on what he’s going to do with taxes and spending. If he sticks to it, California has a fighting chance.
