02-13-2024, 11:17 PM
(02-13-2024, 11:00 PM)pally Wrote: You know what is really funny about this "terrible" economy is how all these red state governors during their State of the state addresses are bragging about how well their states are doing economically like the overall federal economy had nothing to do with their state's successes
California has a budget deficit of $68 billion for the upcoming fiscal year.
https://lao.ca.gov/Publications/Report/4819
California Faces a $68 Billion Deficit. Largely as a result of a severe revenue decline in 2022‑23, the state faces a serious budget deficit. Specifically, under the state’s current law and policy, we estimate the Legislature will need to solve a budget problem of $68 billion in the upcoming budget process.
What's the federal economy's role in that?
