Gavin Newsom's California Has a $68 Billion Budget Deficit - The Georgia Star News

Posted on AllSides December 9th, 2023
From The Right

California’s budget deficit has nearly tripled since last year, culminating in the largest revenue discrepancy the state has ever seen, according to a report from the state’s Legislative Analyst’s Office (LAO). The state’s budget deficit ballooned to $68 billion this year after recording a deficit of $24 billion last year, owing to an unprecedented tax-revenue shortfall, according to the LAO report. The deficit is the highest in dollar terms that the state has ever seen, but not as a percentage of overall spending, according to Politico. “The Governor has maintained...

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https://georgiastarnews.com/news/gavin-newsoms-california-has-a-68-billion-budget-deficit/GAStarNewsStaff/2023/12/10

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