California Faces $68 Billion Deficit Amid Steep Revenue DeclineThe state heads into next year with projections of one of its worst budget deficits since the early 1990s recession. Reserves should help cushion the blow.
Source: California Faces $68 Billion Deficit Amid Steep Revenue Decline (https://www.nytimes.com/2023/12/07/us/california-budget-deficit.html)