https://n2v.almanacnews.com/square/print/2023/12/09/california-budget-rollercoaster-analyst-predicts-68-billion-deficit


Town Square

California budget rollercoaster: Analyst predicts $68 billion deficit

Original post made on Dec 11, 2023

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.

Read the full story here Web Link posted Saturday, December 9, 2023, 3:45 PM

Comments

Posted by Scott Lohmann
a resident of Menlo Park: other
on Dec 11, 2023 at 1:01 pm

Scott Lohmann is a registered user.

Thank you Brian Jones for your voice! The spending has to curtail, this is outrageous and dangerous. How about applying some real fiscal conservative policies before we commit to additional spending. This is NOT how to run a household, let alone a government.


Posted by Westbrook
a resident of Menlo Park: Allied Arts/Stanford Park
on Dec 11, 2023 at 4:50 pm

Westbrook is a registered user.

Remember, after Joe is finally shuffled off the campaign stage and Newsom is drafted to replace him.

He can do to the Country what he did to California,


Posted by Betsy Roble
a resident of Menlo Park: other
on Dec 11, 2023 at 8:50 pm

Betsy Roble is a registered user.

Legislative Analyst Gabriel Petek has a solution: "...recalculating its CONSTITUTIONALLY-MANDATED funding obligation to schools and community colleges..." (emphasis added).

California consistently ranks at or near the bottom in K-12 education nationally.

This week Mr. Newsom wants to divert 1/3 of the 'tax-the-rich' money being raised for mental health and shunt it into housing.

They are liars and we are fools.


Posted by pogo
a resident of Woodside: other
on Dec 11, 2023 at 9:00 pm

pogo is a registered user.

California's PERFORMANCE in education may be near the bottom but SPENDING sure isn't. We spend more than $20,000 per student each year. That's actually near the TOP.

Spending does not equate with results. You should have learned that by now...