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Prof Triggernometry
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GAVIN NEWSOM
Published February 21, 2023 5:00pm EST
The California Legislative Analyst's Office (LAO), a government agency that analyzes the budget for the state legislature, estimates in a report published last week that Newsom's forecast undershot the mark by about $7 billion, thanks to about $10 billion less in tax revenues than expected.
"In particular, using recent revenue collections and economic data, we estimate there is a two‑in‑three chance that state revenues will be lower than the governor's budget estimates for 2022‑23 and 2023‑24," writes Gabe Patek, the legislature's budget analyst. "Our best estimate is that revenues for these two years will be roughly $10 billion lower — implying a larger budget problem by about $7 billion."
https://www.foxnews.com/politics/ga...ssive-budget-deficit-california-reality-worse
His Communist policies drove 500,000 taxpaying residents out of CA in the last two years.
Published February 21, 2023 5:00pm EST
Gavin Newsom predicted massive budget deficit for California. Reality was even worse, analysis finds
Despite California's high taxes, legislature's budget analyst expects state tax revenues to drop
By Aaron Kliegman | Fox NewsThe California Legislative Analyst's Office (LAO), a government agency that analyzes the budget for the state legislature, estimates in a report published last week that Newsom's forecast undershot the mark by about $7 billion, thanks to about $10 billion less in tax revenues than expected.
"In particular, using recent revenue collections and economic data, we estimate there is a two‑in‑three chance that state revenues will be lower than the governor's budget estimates for 2022‑23 and 2023‑24," writes Gabe Patek, the legislature's budget analyst. "Our best estimate is that revenues for these two years will be roughly $10 billion lower — implying a larger budget problem by about $7 billion."
https://www.foxnews.com/politics/ga...ssive-budget-deficit-california-reality-worse
His Communist policies drove 500,000 taxpaying residents out of CA in the last two years.