California faces another budget crisis because of pandemic

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California faces another budget crisis because of pandemic

By Henry Dubroff / Friday, May 22nd, 2020 / Comments Off on California faces another budget crisis because of pandemic

In some ways California faces a bigger fiscal challenge than its brush with disaster in the early years of the 21st century. On May 14, Gov. Gavin Newsom announced a revised budget forecast that projects a $54.3 billion shortfall for the budget period – unless a new package of federal aid bolsters the state’s bottom…

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