California Faces a $68 Billion Deficit. Largely as a result of a severe revenue decline in. 2022-23, the state faces a serious budget deficit.

21 нояб. 2024 г. · California's small but manageable budget deficit could grow if spending continues to outstrip revenues, an analyst says.

5 янв. 2024 г. · Unprecedented drop in revenue. California is dealing with a revenue shortfall partly due to a delay in 2022-2023 tax collection. The IRS ...

7 дек. 2023 г. · California is facing a $68 billion budget deficit, the state's nonpartisan fiscal analyst announced on Thursday, signaling a “serious” ...

11 дек. 2023 г. · California's politicians refused to address volatile revenues that plague the state budget and now face a whopping $68 billion deficit.

20 февр. 2024 г. · California's deficit is likely to rise 26% to $73 billion as new data show that tax receipts fell short of earlier estimates, according to ...

20 нояб. 2024 г. · Consumer spending (measured by inflation‑adjusted retail sales and taxable sales) has continued to decline throughout 2024. Figure 1 - Most ...

One major factor leading to the lackluster revenue performance in 2022 was the impact of the Federal Reserve's interest rate hikes, which decreased investment, ...

7 мая 2024 г. · According to Pew's estimates, California fell the furthest, collecting 16.2% less in tax revenue than its 15-year trend projected as of the end ...

8 дек. 2023 г. · California's budget deficit has swelled to a record $68 billion after months of unexpectedly low tax revenues, a shortfall that could prompt ...