by Levon Satamian at RedState
In May 2022, California had a record surplus of $97.5 billion, but just like everything else in California, the good turns bad — and fast.
NEW: California’s Legislative Analyst’s Office says the state’s budget problem has grown by $15 Billion.
LAO says because of weak revenue collections so far, the state’s deficit could reach $73 Billion. https://t.co/oz83vntalh
— Ashley Zavala (@ZavalaA) February 20, 2024
Per a new report from California’s nonpartisan Legislative Analyst’s Office, the budget deficit could reach a record of $73 billion.
The actual increase in the state’s budget problem will depend on a number of factors, including formula-driven spending changes, most notably Proposition 98 spending requirements for schools and community colleges.
Gov. Gavin Newsom (D-CA) loves to focus on red states, such as Florida, Texas, and Oklahoma, as his state is ransacked by crime, homelessness, drugs, pro-crime District Attorneys, and is now facing a deficit of at least $68 million, while on the verge of a record budget deficit.
This is the result of one-party rule for decades. The state senate, assembly, and governor are all Democrats, and the Republicans have no say in state policies unless more GOP voters actually vote, and some Independent and Democrat voters see the disaster that is right in front of them…
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