Newsom Announces He Is Anti-Crime Until Next Election

@Vin53

@Vin53

@Vin53

"California is currently facing a significant budget deficit estimated at around $20 billion, primarily due to a structural deficit where annual spending exceeds revenue."

@sunsporter1649 No. Lies don't work chump.

U.S. gross domestic product 2024, by state. The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, meaning that it contributed the most out of any state to the country's GDP in that year.

@sunsporter1649 California's economic output has surpassed $4 trillion a year and in doing so slipped past Japan to become, were it a nation, the globe's fourth largest economy, surpassed only by the United States, China and Germany. The news was an opportunity for Gov. Gavin Newsom to exercise his penchant for braggadocio.May 8, 2025

@Vin53 Does not alter the fact that commiefornia is $20,000,000,000 in the hole

@sunsporter1649 I'd say prove it but we both know you never ever try to prove any one of your multitude of lies.

@Vin53

SACRAMENTO, Calif. (AP) — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus just three years ago.

This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall. State revenues have continued to fall amid increasing inflation and a slowdown in the state’s usually robust technology industry.

Democratic Gov. Gavin Newsom on Friday announced his plan to address the deficit in the state’s budget. The release of his plan kicks off a budget negotiation marathon with Democratic lawmakers, who hold supermajorities in both chambers.

Newsom and lawmakers have until June 15 to pass a budget, or lawmakers don’t get paid.

Newsom proposed a $288 billion spending plan on Friday for the fiscal year that starts July 1. That is well below the nearly $311 billion budget he signed into law last year. But it is still by far the largest of any state in the country. New York recently passed a $237 billion budget, and Texas and Florida spend far less annually.

It’s complicated. Newsom announced on Friday a $26.7 billion deficit, but it’s really closer to $45 billion. That’s because Newsom didn’t include roughly $17.3 billion worth of actions he and lawmakers already agreed on. Those included a cut of $3.6 billion in primarily one-time funding to some school, welfare and climate programs. The plan also delays and defers about $5.2 billion in spending for various programs, including $1 billion to fund rail and public transit systems.

@sunsporter1649 Updated "Big Three" Revenue OutlookAugust 21, 2025
Revenues Presently on a Path to Beat Budget Expectations. Our updated forecast anticipates revenues from the state’s three largest taxes (income, corporation, and sales) will come in above the level assumed in the recently adopted state budget. This upgraded outlook is entirely attributable to higher expectations for income tax collections. Income tax collections are being driven higher by enthusiasm around artificial intelligence, which has pushed the stock market to record highs and boosted compensation among the state’s tech works. Given this, we suggest approaching the improved revenue outlook with guarded optimism. Further, the state was expected to enter the next budget cycle with a sizable operating deficit. This fact, combined with the state's complicated Constitutional budget rules, means revenue improvements are likely to translate to smaller deficits, rather than new budget capacity.

In short, Cali has always walked away in the black whilst its red little brothers are lining up in the welfare line waiting for CA to pay for their food.

@Vin53 anticipares....expectations....the usual bullschiff. By the way, hows that railroad coming along?