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California Lawmakers Seek to Boost Reserves Ahead of Hot AI IPOs

Bloomberg

BusinessBloomberg·Jul 9, 2026·1 min read

California Lawmakers Seek to Boost Reserves Ahead of Hot AI IPOs

The AI-driven stock market rally has bolstered California’s coffers, sending revenue soaring. Now lawmakers are asking voters to overhaul the state’s financial reserves to capture more of any future windfall.

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