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bobby_j_canada t1_ivzx4a1 wrote

Reply to comment by [deleted] in Can someone explain question 1 by [deleted]

The revenue cap law and Prop 2.5 are the two worst pieces of legislation that happened to the state in the last 50 years. They both need to be seriously amended or repealed.

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[deleted] OP t1_iw24nv6 wrote

[deleted]

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CertifiedBlackGuy t1_iw3brkx wrote

You are incorrect.

The budget was set based on the expected taxable income. When covid hit, that number (last years budget) was lowered as a response to expected lost income. That lost income never materialized, and so the state went over the budget revenue because the budget was smaller than expected.

The refund you are getting is only in response to last year's budget, which was less than the amount of tax taken in. Next year's budget will be raised because there is no expected drop in productivity.

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