California Fiscal Policy

California fiscal policy refers to how the state government manages its budget, revenues, and spending to support public services and programs. It involves decisions about taxation—such as income, sales, and property taxes—and how to allocate funds to areas like education, healthcare, infrastructure, and social services. The state aims to balance its budget while addressing economic challenges, ensuring public needs are met. California's fiscal policy can be influenced by factors like economic growth, voter-approved measures, and budget deficits or surpluses, impacting both state finances and residents' daily lives.