Victory Girls Blog
Once again, California’s tax and spend sprees have caused another deficit. This time it is a $25 billion deficit.
“California not long ago was reveling in a record budget surplus. Now the Legislature’s fiscal analysts are projecting a $25 billion deficit next fiscal year as tax revenues decline.
The nonpartisan agency on Wednesday put the Capitol on alert by recommending state lawmakers cut spending when they reconvene in January — and even hold back some already-budgeted funding in order to avoid the shortfall.”
Gee, I wonder how that happened? Could it be because of the Covid lockdowns? Possibly given that California spent money hand over fist on shutting down businesses, keeping schools closed, covering skate parks in truck loads of sand, and keeping restaurants from operating even with patrons sitting outside?
