"California is facing a $68 billion budget deficit, the state's nonpartisan fiscal analyst announced on Thursday, signaling a serious financial challenge for the Democratic-led government heading into an election year."
"California has been in a downturn since 2022, and state finance officials had been warning of a darkening fiscal outlook, the report noted. But the state was late to recognize the full extent of the plummeting revenues because of a decision to delay its tax filing deadline until mid-November of this year to give residents leeway as they recovered from a series of catastrophic storms last winter."
[
add
]
[
|
|
...
]