Misguided California ‘stimulus’ proposal put on ice

A plan to borrow $100 billion from future state income tax revenues so the money can be spent immediately has emerged in a last-minute budget trailer bill, but thankfully not as legislation. The plan to sell tax vouchers is now merely a requirement for a study of how to implement such a plan.
That should come as a relief, if temporary, to future taxpayers who would be stuck with a bill for their then-current government expenses without sufficient current revenues to pay for them.
Floated in late