Opinion: $165 Billion Revenue Error in 2022 Continues to Haunt California’s Budget ...Middle East

Gov. Gavin Newsom presents his 2024 budget plan in Sacramento. Courtesy of the governor’s office History will — or at least should — see a $165 billion error in revenue estimates as one of California’s most boneheaded political acts. It happened in 2022, as the state was emerging from the effects of the COVID-19 pandemic. Gov. Gavin Newsom’s Department of Finance, based on one short-term spike in income taxes, projected that revenues from the state’s three largest sources would remain above $200 billion a year indefinitely. Newsom then declared that the budget had a $97.5 billion surplus, although that number never appeared in any documents. “No other state in American his

Read More Details
Finally We wish PressBee provided you with enough information of ( Opinion: $165 Billion Revenue Error in 2022 Continues to Haunt California’s Budget )

Also on site :

Martial Arts Star Johnny Tri Nguyen To Headline Vietnamese Historical Epic ‘The Last Secret Of The First Emperor’
Suspect in armed carjacking arrested after barricading himself in stolen car in Live Oak
Ukraine-Russia war latest: US says peace breakthrough unlikely as Putin and Zelensky skip Turkey talks

Opinion: $165 Billion Revenue Error in 2022 Continues to Haunt California’s Budget ...Middle East

The Race for Champions League Qualification Across Europe’s Other Top Leagues

Suburban elementary school warns parents after teacher charged with sending child pornography

EBay is selling an ‘Amish’ tiny home for $12,000 – it comes with a porch and has a full loft

Details Of Toronto Film Festival’s C$23M Market Revealed: Name & Dates Set As More Heavyweight Industry Advisors Join Ahead Of 2026 Launch

Who is Yuval Raphael, and why are Israel competing in Eurovision?

How a terrible Russian tragedy shaped this legendary writer’s fate

Crystal Palace vs Manchester City: Three key battles that might decide FA Cup final 2024-25

What to make of Donald Trump’s “historic” tour of the Middle East

Voice Search Optimization: Importance, Distinctive Features, and Top Ways to Get Featured in Results on Apple Devices

Hospitalists Lead Charge Against HAIs

Pete Davidson’s girlfriend, Elsie Hewitt, channels Kim Kardashian in glimmering dress for couple’s red carpet debut

US cable giants Charter and Cox pursue 34.5 billion dollar merger

Robert Irwin Goes Red Carpet Official With Lucky Lady: 'It's a Big Step'

The Essential Trading Glossary: Terms Every Beginner Must Know

Asylum-seekers still arrive at the US border, but what will happen to them?