So effectively, CA taxpayers are being forced to loan the state government money to keep it operating? Wow, that should stimulate the CA economy, then if other states decide to do this....
Glad you guys have the Terminator on your side.
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I see the legality of first claim to state's funds, but, um, aren't those refunds the people's money?During the 30-day delay, the controller's office estimates that a combined 2.74 million California individuals and businesses will have their tax refund delayed.
The controller's office estimates that the delay in tax refunds will free up $1.99 billion over the next month to pay for education, debt service, and other payments that legally have first claim to state funds.
Glad you guys have the Terminator on your side.
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