California will continue to be a 100 billion dollar corporation based on tax revenus and fee - they tax everything and get fees for everything. It, will continue and not sink.
The issue is the pensions they failed to fund and steal from the taxpayer, the special interest groups demanding to be paid and the doubling of government in the last administration.
So a few projects have to be moved back but the reality is, they have 100 billion to play with, not the additional 40 billion in new taxes they want.
I hope you’re correct. I’ve dealt with Government agencies for the last thirty years, and the goldfish bowl looks very different from the inside than the outside. Funding priorities are so weird in governmental entities, you have to live it to believe it.