What states can learn from California’s looming tax deficit
California’s Legislative Analyst’s Office has projected the state faces a $58 billion deficit for fiscal 2024-25, due in large part to reduced tax revenue. Some factors, including extended filing deadlines due to natural disasters, were unique to the state and fiscal 2023. However, factors that led to California’s revenue crisis are also present in other states’ tax systems. Fill out the form to read the full analysis.
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