Posted on 02/21/2024 6:13:37 AM PST by artichokegrower
According to a new updated revenue forecast report released by the Legislative Analyst’s Office on Tuesday, California’s budget deficit for the 2024-2025 year was increased from the previously estimates of $58 billion and $68 billion to $73 billion.
(Excerpt) Read more at californiaglobe.com ...
liberals always break anything they touch
How long until they take the NY precedent with Trump and use it to fill their budget deficit?
And here I thought states had to have balanced budgets.
Cal Matters article....
https://calmatters.org/politics/capitol/2024/02/california-budget-deficit-balloons/
Time for Gavin Newsom to fail upwards. That’s how the dems do it.
Gruesome Newsom is a perfect demonut leader , he’ll be president soon ,LOL
My question...obviously, this is all ‘hype’ for 2024. What exactly do they think improves for 2025?
Just seems like by fall of 2025, the state and virtually every city/county would approach the federal gov’t for a $300 billion loan for 2026/2027.
If they don’t get it...then what?
Let me guess $70 Billion of it went out of the county to Illegal’s families
It never seems to hurt the Dems out there. In the short-term I’m skeptical it hurts them this time.
I think it was about 30 years ago I enthusiastically voted for term limits here in CA because it was viewed as a way to finally break Willie Brown’s power. It’s a cautionary tale: sure he was a big lib and Harris was on his staff, sometimes several times a week, but not a radical. By enacting term limits soon anyone who could be considered moderate was limited out. Since we’re a one party state, more and more radical new members were what was available for election. It pops to mind because I’m politically aware, but this article is the first I’ve heard the name of the current Speaker of the Assembly. It seems we get a new one every 12-18 months
Yep, just a revolving door of misfits.
$58-$73 Billion. Same range as the Biden Regime wants to give to UKR..... Just sayin’
a state that was converting almost all of the workforce into welfare recipients
Just sue the oil companies for the effects of climate change like Chicago is doing. They got plenty of money.
Couldn’t be all the businesses fleeing the state, could it? - to escape high taxes, onerous regulations, an unfriendly business climate and $20/hour minimum wage?
That and taxpayers fleeing as well to Texas and Florida.
What does that leave behind? Welfare recipients, denizens of Section 8 housing, invaders - IOW, net drainers on the state’s limited resources.
Newsom and his lefty minions have chased the tax base out of the state.
Good luck getting what is left to financially cover your budget, governor.
This state has the same Governor who wants to be President of all 50 states.
What a ‘comforting’ thought.
IIRC-—OBAMA presented ONLY ONE budget in 8 years.
We operated on CR’s
Funny, the same amount as Slow Joe has sent to Ukraine.
I’ve been saying Kalifornia will have their hand out begging for the rest of us to get them out of the red... again. Further proof the wall should have been started on California’s east border.
Umpossible. Illegal immigration builds economies. The democrats told us so.
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