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California faces $68B deficit and projects more troubles ahead

The California Legislative Analyst’s Office projects the state faces a $68 billion deficit as it begins the budget process for fiscal 2024-25. This estimate is up from a previous projected $14 billion deficit. The LAO recommended the state use general purpose reserves to address the shortfall, along with spending cuts to areas like education, transportation and environmental programs. Fill out the form to read the full analysis.

California faces $68B deficit and projects more troubles ahead

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