"It's been one hell of a three-year period for the State of California's financial yo-yoing. Back in 2022, the state was boasting a gaudy $97.5 billion surplus... By December 2023, that deficit had been shockingly revised upwards to an all-time record $68 billion deficit."
"Petek said, we describe the state's budget condition as being in fair shape, and we would describe it as being roughly balanced. Though, there's really no new capacity for new commitments."
"Governor Gavin Newsom stated, if Donald Trump is successful with mass deportation, no state will be more impacted from a fiscal perspective, an economic perspective."
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