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California budget rollercoaster: Analyst predicts $68 billion deficit

(CALMATTERS) – With tax revenues in a free fall comparable to the Great Recession and the dot-com bust, California faces a projected $68 billion budget deficit next year that will require spending cuts and reserve funds to close, state finance officials said today. The new estimate from the nonpartisan Legislative Analyst’s Office, released as Gov. Gavin Newsom […]

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