RitcheyRch
Currently Boat-Less
- Joined
- Sep 20, 2007
- Messages
- 65,454
- Reaction score
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I thought we were broke. He was asking Trump for a bailout.
ktla.com
The budget surplus California enjoyed when the year began was quickly wiped out by the coronavirus pandemic, as the state delayed tax collections, businesses suffered and spending soared to battle the virus. Now, the state faces a predicted $54.3 billion deficit.
The proposed budget would take $7.8 billion from the state’s “rainy day” fund, about half of what’s in it, to help plug the whole. Newsom needed to declare a budget emergency to legally tap it.
California Senate approves budget after getting permission to take almost $8B from state reserves
The California Senate on Thursday approved a $202.1 billion spending plan that covers the state’s $54.3 billion deficit through a combination of temporary tax increases, delayed spending and …
ktla.com
The budget surplus California enjoyed when the year began was quickly wiped out by the coronavirus pandemic, as the state delayed tax collections, businesses suffered and spending soared to battle the virus. Now, the state faces a predicted $54.3 billion deficit.
The proposed budget would take $7.8 billion from the state’s “rainy day” fund, about half of what’s in it, to help plug the whole. Newsom needed to declare a budget emergency to legally tap it.
