December 6, 2021

California’s State Budget Reserves Not Enough to Fill Budget Gaps Even in Moderate Downturns

“With California in lockdown since mid-March, most businesses have ground to a halt, which also ground sales tax revenue to a halt. The Public Policy Institute of California just published an article showing that California’s budget reserves aren’t adequate for even a moderate downturn, much less a severe one.”

California’s State Budget Reserves Not Enough to Fill Budget Gaps Even in Moderate Downturns