The state of California already sitting on a record surplus would benefit from an additional revenue windfall thanks to two decisions handed down by the United States Supreme Court. The question is what would the state do with that new money?
Initial estimates following the Supreme Court’s decision allowing taxing of Internet sales is that California will reap up to $2 billion in new revenue. Couple that with an unknown benefit from the proceeds from in-state sports betting and the overflowing state treasury will see another gusher of money.
View Article