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Go Woke, Go Broke: California Headed Toward $25 Billion Deficit

  • The state of California is facing a $25 billion deficit next fiscal year as tax revenues decline, the Legislature’s fiscal analysts project.
  • The nonpartisan California Legislative Analyst Office estimates the state could see deficits between $8 billion to $17 billion during the next four fiscal years.
  • “We must refocus on fiscal responsibility,” said Assembly Budget Vice Chair Vince Fong, R-Bakersfield.
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