SF News State of California Now Running a Record $68 Billion Deficit Those extended tax deadlines are having a big unintended consequence for the state of California’s budget, as miscalculations over how much tax revenue was coming have led to a much larger deficit than than the state thought it was running, now an all-time high of $68 billion.
SF News Some Analysts Wonder If California Economy Is Barreling Into Recession A combination of inflation, high interest rates, and tech layoffs have some economists worried that a nasty California recession is brewing, though the downturn may be limited to commercial real estate landlords and people who made bank during the pandemic.
SF News Gov. Brown Orders State Hiring Freeze For his third executive order since taking office in January, Governor Jerry Brown has ordered all state agencies to "freeze hiring" in an effort to reduce further spending. "We have a $25 billion
SF News California Budget Finished, Finally California lawmakers approved "the tardiest budget in state history this morning" after an epic session at the Capitol this morning. "The $87.5 billion spending plan relies on rosy assumptions about revenues from
