In all fairness to California, I don’t get it. Finance at the state level is no different than at the personal level. When you are spending more than you make, you have three options: spend less, earn more, or both. You can always affect the first option immediately. The second and third take more time. Why can’t governments learn that?
If you’re spending more than you make, STOP SPENDING!!!
Being in the business of spending other people’s money gives them a completely different perspective.