Posted on 01/08/2023 4:57:39 PM PST by ARGLOCKGUY
California's government is facing an estimated budget deficit of $24 billion this year, a stark reversal from the record-setting surpluses that the state saw in recent years which comes amid ongoing inflation and heightened fears of a looming recession.
California's Legislative Analyst's Office (LAO), which provides state officials with nonpartisan budget forecasts, warned in a report that the state faces a projected $24 billion deficit in 2023-24 mainly because tax revenues are about $41 billion lower than expected.
(Excerpt) Read more at foxbusiness.com ...
Is the 24 B shortfall calculated before or after reparation payments to descendants of slaves?
HAHAHAHAHAHAHA
I can’t imagine why. They reelected Slick Willie II and have a Democratic supermajority, what could go wrong?
Giving money away to ILLEGALS and drug using homeless ADDICTS will put you in the hole.
“Tax the wealthy” works great until the wealthy finally “get it” and flee....
Just wait till more companies move out of the craphole.
Thought the state was awash in money looted from taxpayers and rheur stock transactions....
Looks like the Greaser will try to raise taxes soon.
Last I saw, they want to give each AA $1M, plus other bennies like full college scholarships or their kids. The Chair of the Reparations committee was saying that unless this was done, there would be violence.
Personally, I think there will be violence either way. And after they pi$$ that $1M away (which is only a matter of time), they will be back for moar.
No Federal Bailout!
Sell to China?
Wait until they start paying TRILLIONS & TRILLIONS in ‘reparations’ to any black who claims ‘slave ancestry’.
Yes, I know state governments “can’t go bankrupt” but the best thing that could happen to california is a kind of government insolvency and collapse.
And that is where Uncle Sam and the Fed turn on the printing presses.
Since Californication is beholden to China, let them send the request to accounts receivable of the Chinese foreign ministry.
And look who is speaker.
They will get a few retiring Republicans to vote for it.
Ah how lovely love bing in a state run by dems
State constitution requires a balanced budget ….oh well
Don’t come after my Wisconsin tax dollars to bail out those commies.
No, put the state into receivership. Revoke the state constitution and put in a board of directors to fix it, top to bottom.
One of my email friends works for Cali government and got a 41% total raise in 2021. Can’t imagine why they’re going broke!
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