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California
Related: About this forumDoes California really have a $25 billion deficit?
What happened to all the years of large surplus? This cannot be good for Newsom hopes for the presidency - if there are.
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Does California really have a $25 billion deficit? (Original Post)
question everything
Nov 2022
OP
No, this is not a Crisis ....CA has had years of Budget Surplus ...this happens...there are reserves
Bread and Circuses
Nov 2022
#5
mahina
(18,906 posts)1. Is there a source for this or
?
question everything
(48,731 posts)2. CalMatters. Don't know its affiliation
msongs
(70,114 posts)3. info on calMatters
question everything
(48,731 posts)4. Thanks. Not a Fox wannabe
Bread and Circuses
(154 posts)5. No, this is not a Crisis ....CA has had years of Budget Surplus ...this happens...there are reserves
CA Has $37.2 billion in budgetary reserves and 93 percent of the discretionary surplus allocated for one-time projects as of June 2022
The 2022-23 Governor's Budget proposes spending of $286.4 billion in total state funds, consisting of approximately $213.1 billion from the General Fund, $65.3 billion from special funds, and $8 billion from bond funds
So, there was a CA budget deficit in 2010 and they made adjustments. They will do it again.