By Sophia Bollag, includes “… Newsom in July signed a $262 billion budget that relied on a projected $75 billion surplus, based on estimates from January. … His announcement Wednesday means his administration anticipates another windfall as it begins writing the 2022-23 budget proposal he’s expected to announce in January. … The state had such a massive surplus this year in large part because the state slashed money during the first year of the pandemic, anticipating a much deeper recession than materialized.”