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roadkill
2 Jul 2022 2:50 pm
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Blackvegetable » 02 Jul 2022, 2:33 pm » wrote: ↑ Cal has a budget surplus equal to nearly 20% of its total debt outstanding.
"The Golden State’s record-breaking deficit owes as much to its progressive politics as to the virus lockdown.
Steven Malanga
May 19, 2020"


"Every state and municipal budget in America will take a big hit because of the coronavirus lockdowns, but no public purse is in as much trouble as California’s. Its Department of Finance recently estimated that the Golden State could face a $54 billion shortfall in the fiscal year beginning July 1, which surely must be the largest deficit any state has ever accumulated, surpassing the $40 billion hole that nearly swallowed Sacramento in 2008."
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