From The Los Angeles Times:
SACRAMENTO — Gov. Jerry Brown has bet a portion of California’s financial health on the expectation that a hyperpartisan Congress will change course on a hotly debated tax policy this year.
The budget Brown signed last week assumes that over the next four years the state will reap almost $2.3 billion from the federal estate tax, a levy on wealth inheritance. California hasn’t collected any revenue from the tax since 2004, and if Congress sticks with current policy it won’t in the coming years, either.