Gavin Newsom predicted massive budget deficit for California. Reality was even worse, analysis finds
California's budget deficit may be billions of dollars larger than what Gov. Gavin Newsom predicted, raising concerns about the Golden State's fiscal future.
Aaron Kliegman
Tue, February 21, 2023 at 5:00 PM EST
California's budget deficit may be billions of dollars larger than the already big number predicted by Democrat Gov. Gavin Newsom, raising concerns about the Golden State's fiscal future.
Last month, Newsom announced that California faces a projected budget deficit of $22.5 billion for the coming fiscal year. The figure represented a striking downturn from last year, when the state enjoyed a surplus of about $100 billion due to federal COVID relief and surging capital gains.
Pardon my Gray Poupon.......but isn't this the same state that wants to pay reparations to people who have never been slaves by people who never owned slaves? 😂
MDFer???
