3/21/24

California’s budget woes continue despite Gavin Newsome’s claims to the contrary. The Legislative Analyst’s Office now projects the shortfall at $73 billion twice that of the Governor’s estimate. And with the top 1%, or at least those that are left, paying 50% of the state’s income tax, future revenues to cover the shortfall are looking doubtful. Given his thinly disguised presidential aspirations it looks like he’ll fit right in with deficit happy Washington.