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You do realize that this is a current projection only and that the deficit only exists on paper? California's $306 billion dollar budget is the largest in the country...so the slippage so far this year is about 10%. And the reasons are quite straightforward and revenues subject to recovery.![]()
California's Gov. Newsom says state's budget deficit has grown to nearly $32 billion
California Gov. Gavin Newsom said Friday the state's budget deficit has grown to nearly $32 billion. That's about $10 billion more than predicted in January, when the governor offered his first budget proposal.www.pbs.org
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Gavin Newsom - Wikipedia
en.wikipedia.org
But thankfully the article (which you likely didn't read) provides an indication of how the budget can be balanced over the remainder of the year.
You also likely do not realize, or care, that Newsom doesn't believe the solution is individual reparations to address the issue above?
You probably also don't realize that from a macro-economics standpoint that if you give poorer people $806 billion dollars, it all recycles back into the local and state economy, while if you give the ultra wealthy an $806 Billion dollar tax cut...most of it likely goes off-shore?
But whatever.
It is all moot.
I just love though that it really rattles people like you.

