California

question everything

(49,523 posts) Mon Nov 21, 2022, 11:08 PM Nov 2022

Does 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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5 replies

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Does California really have a $25 billion deficit? (Original Post) question everything Nov 2022 OP

Is there a source for this or mahina Nov 2022 #1

CalMatters. Don't know its affiliation question everything Nov 2022 #2

info on calMatters msongs Nov 2022 #3

Thanks. Not a Fox wannabe question everything Nov 2022 #4

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

(19,382 posts)

1. Is there a source for this or

Reply to question everything (Original post)

Mon Nov 21, 2022, 11:09 PM

Nov 2022

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question everything

(49,523 posts)

2. CalMatters. Don't know its affiliation

Reply to mahina (Reply #1)

Mon Nov 21, 2022, 11:12 PM

Nov 2022

https://calmatters.org/newsletters/whatmatters/2022/11/california-budget-deficit/

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msongs

(70,576 posts)

3. info on calMatters

Reply to question everything (Reply #2)

Mon Nov 21, 2022, 11:20 PM

Nov 2022

https://en.everybodywiki.com/CALmatters

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question everything

(49,523 posts)

4. Thanks. Not a Fox wannabe

Reply to msongs (Reply #3)

Mon Nov 21, 2022, 11:22 PM

Nov 2022

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Bread and Circuses

(461 posts)

5. No, this is not a Crisis ....CA has had years of Budget Surplus ...this happens...there are reserves

Reply to question everything (Original post)

Mon Nov 21, 2022, 11:24 PM

Nov 2022

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.

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