California’s $68 billion deficit: Newsom’s Disaster?
When preparing the 2024 state budget, Gov. Gavin Newsom will have to find out how to cover a $68 billion budget disparity. According to the Legislative Analyst Office, the state legislature’s independent fiscal and policy adviser [www.lao.ca.gov], Newsom should consider declaring a budget emergency in order to use the state’s rainy-day reserve. According to the…