Drudge Retort: The Other Side of the News
Thursday, December 07, 2023

California's budget deficit has swelled to $68 billion after months of unexpectedly low tax revenues, a shortfall that could prompt the state's deepest spending cuts since the Great Recession. The latest deficit figure " calculated by the nonpartisan Legislative Analyst's Office and released Thursday " far exceeds a $14.3 billion estimate from June. The shortfall threatens to upend the upcoming legislative year by forcing Gov. Gavin Newsom and lawmakers to make spending cuts on a scale that few term-limited elected officials in Sacramento have faced.


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In January, Newsom will release his first budget proposal of the year, setting up negotiations over how to address the financial situation. A smaller deficit last year forced the governor to make the largest cuts of his tenure after years of massive surpluses. The state avoided deeper reductions by delaying spending and shifting money between the state's general and special funds.


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So what state do you govern?
Do you do anything but criticize from the safety of your monitor

#1 | Posted by ChiefTutMoses at 2023-12-07 03:52 PM | Reply

Almost every state (41) has a budget shortfall this year.

#2 | Posted by Sycophant at 2023-12-07 05:27 PM | Reply

Yeah thats where the irony really ramps given the nuts in the govs office of some of those 9. One starts with a T another with an F.

#3 | Posted by sitzkrieg at 2023-12-07 09:04 PM | Reply

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