IF? lol
Epoch Times:
California could face a $25 billion budget deficit in 2023–24, despite raking in a record-setting $98 billion budget surplus this year, according to an analysis that comes days after midterms election, in a state where the Democratic party enjoys a supermajority.
“The budget problem is mainly attributable to lower revenue estimates, which are lower than budget act projections from 2021–22 through 2023–24 by $41 billion. Revenue losses are offset by lower spending in certain areas,” said the nonpartisan Legislative Analyst’s Office (LAO) of California in its annual fiscal outlook (pdf). The estimated numbers look dismal especially when the analysis has not factored in the inflation or an economic recession.
“While our lower revenue estimates incorporate the risk of a recession, they do not reflect a recession scenario.” The report forecasts that deficits would decline from $17 billion to $8 billion over the subsequent three years.
The revenues and transfers for 2023–24 come around $208 billion, nearly the same as the last fiscal. The expenditures are about $226 billion, a decrease of nearly $3.6 billion. However, during 2022–23, there was a $19 billion fund balance from the prior term, which resulted in a total negative balance of $6.7 billion. more
IF recession hits????
We already are in a recession wit full blown inflation on the side.
Being California I have to assume they will try to spend their way out of it.
Hmm, I wonder if paying for illegals health insurance could have anything to do with it.Or yet another round of stimulus checks? Very Stupid People.
Wild ass guesses based on flooby dust. Might as well be predictions of the global temperature rise a hundred years from now.
WOW, nice resume, liberal asswipes.
Aunt Nancy will bail him out.
That’s only a 3rd of what they have sent Ukraine so far.
All part of the plan.
There is NO obligation to bail out those jerks
they have sunk themselves in their own stew
now they can live with it and drown in it.
The rest of the states should care about the
idiocy in California, when California quite
obviously could not care less about the
entire USA ?
The PIGS want to rule like they are a
supreme country?
Well let them take on and provide the finances
of a supreme country !
California is ruled by PIGS who can figure out
how to finance California
United States Taxpayers owe NOTHING.
These PIGS want to make their own decisions
let them pay for their own decisions.
Looks like my work here is done, so it’s off to Washington and a run at the presidency!
The rich need another tax break, that’s the republican way. The rest we’ll they pay for that tax break for that’s the Trump way.
WHAT??? We’re out of money??? Don’t just stand there you fools, RAISE TAXES!!!!!
Is what happens when you spend $1.7 million on a one stall public toilet.
At this point all they can hope for is a Russian invasion to revitalize money laundering.
Wait, a STATE has a multi-billion $ budget?
And that state is provably against capitalism?