(2015) California Revenue per capita is $10,408. Texas, the second largest state by economy in total money, is $10,204 per capita, the average is $10,234. Incidentally, California is very slightly "better" at 16.6% GSP than Texas at 17.1% GSP, and further better than the average of 18.3% GSP.
If this is a "money grab," they've got room for it, compared to other states -- say Delaware or most of the South, for example.
Meanwhile, California spends $4,636 per capita on the state budget, ranking 15th lowest of the 50 states. So again, not really "burning through cash."
As is mentioned every time California's or blue states' budget and spending are brought up, blue states tend to give more federal money whereas those fiscally conservative red states tend to take in more federal money.
As for if this is the way to do it; yeah, seems a little like extra taxes on faxes home phone service at this point -- diminished returns at best.
(2015) California Revenue per capita is $10,408. Texas, the second largest state by economy in total money, is $10,204 per capita, the average is $10,234. Incidentally, California is very slightly "better" at 16.6% GSP than Texas at 17.1% GSP, and further better than the average of 18.3% GSP.
If this is a "money grab," they've got room for it, compared to other states -- say Delaware or most of the South, for example.
https://en.wikipedia.org/wiki/List_of_U.S._state_budgets
Meanwhile, California spends $4,636 per capita on the state budget, ranking 15th lowest of the 50 states. So again, not really "burning through cash."
As is mentioned every time California's or blue states' budget and spending are brought up, blue states tend to give more federal money whereas those fiscally conservative red states tend to take in more federal money.
As for if this is the way to do it; yeah, seems a little like extra taxes on faxes home phone service at this point -- diminished returns at best.