Uh Oh: Instead of My Tax Refund All I Got Was This Piece of Paper…

California is short of money, so according to Spidell, all California tax refunds have been suspended. The suspension is due to “cash flow difficulties.” California does have a budget so, in theory, refunds should resume soon. Of course, that depends on how collections go with the October 15th extension deadline…

It would be helpful if the Legislature were to pass a budget whose outflows matched the inflows. That, though, appears to be asking too much.

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