Drudge Retort: The Other Side of the News
Saturday, October 29, 2022

That seemingly endless flow of money has started to dry up as state tax collections have fallen below expectations for four months in a row. There's now an 80% chance California will be about $8 billion short when its fiscal year ends next summer, according to the latest estimate from the nonpartisan Legislative Analyst's Office. There's still plenty of time for a comeback, but the trend of declining revenues is already having an impact. Last month, Democratic Gov. Gavin Newsom blocked a tax cut for manufacturers, halted an expansion of full-day kindergarten programs and nixed unemployment benefits for immigrants living in the country without legal permission " all while citing the state's potential shortfall.

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Hmmm...surplus of 90 billion....nah, it's gotta be Republicant math.

#1 | Posted by LegallyYourDead at 2022-10-29 06:51 PM | Reply

ONEIRONAUT is clutching pearls. OMG! What can CA possibly DO?!!! (with a $90 billion surplus)

#2 | Posted by AMERICANUNITY at 2022-10-29 06:58 PM | Reply

ONEIRONAUT is clutching pearls.

LOL Please its Associated Press... what pearls could be clutched?

$90 billion surplus

Its not a surplus, CA owes Trillions.
usdebtclock.org

AmericanUnity, you don't know ---- from shinola.

#4 | Posted by oneironaut at 2022-10-29 11:00 PM | Reply

That might mess up the reparations payments.

calmatters.org

#5 | Posted by Charliecharles at 2022-10-29 11:35 PM | Reply

#4 | POSTED BY AT 2022-10-29 11:00 PM

Now do Alabama's surplus.

Hell look at Texas' or Florida's for a relative scale.

#6 | Posted by memyselfini at 2022-10-30 12:00 AM | Reply

you don't know ---- from shinola.

#4 | POSTED BY ONEIRONAUT

California will be just fine. In spite of your hopes otherwise. Unlike certain red states.

Apparently you don't know how to read your own articles.

Apparently.

Despite the shortfall, California is likely not headed toward another cash crisis like the one that engulfed the state during the Great Recession more than a decade ago. California had less than $8 billion available to spend at the end of September 2008 during the Great Recession. This year, California has more than $130 billion available, including $37.2 billion in its various savings accounts.

#7 | Posted by donnerboy at 2022-10-30 05:27 PM | Reply

Didn't some lunger rig monkey predict bankruptcy for California before he croaked?

#8 | Posted by LegallyYourDead at 2022-10-30 09:41 PM | Reply

The "rig monkey" died?

Now who will chastise us for not being able to avoid using petroleum products 100% of the time now even though we are still very concerned about Big Oil and their desire for profits over the future of mankind?

#9 | Posted by donnerboy at 2022-10-31 07:54 AM | Reply

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