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With tax revenues in a free fall comparable to the Great Recession and the dot-com bust, California faces a projected $68 billion budget deficit next year.
California budget rollercoaster: Analyst predicts $68 billion deficit pleasantonweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pleasantonweekly.com Daily Mail and Mail on Sunday newspapers.
California’s Legislative Analyst’s Office projects a 2024-25 budget deficit twice as large as 2023-24. It says the state could dip into reserves and cut some one-time spending.