Re:Elon Musk moves to Texas
by dmode on Wednesday December 09, 2020 @02:19PM
(#25363114)
California has been running budget surpluses for many years. And will run a surplus again this year, despite the pandemic
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It currently looks like CA will face a 54B budget deficit for 2020 [0], and "could see" a "one-time surplus" of $26B for 2021 [1,2], followed by projected deficits in 2022-25 [2].
[0] https://www.npr.org/2020/08/03/895377375/california-has-lost...
[1] https://www.sacbee.com/news/politics-government/capitol-aler...
[2] https://lao.ca.gov/reports/2020/4297/fiscal-outlook-111820.p...
California budgets from mid year. So 2020-2021 and that is projected to have a $26b surplus. There is projected deficits beyond that, but not sure anyone can say for certainty how fast the economy will recover
No, it will not: https://www.npr.org/2020/08/03/895377375/california-has-lost...