December 6, 2021

Here’s how a $54 billion deficit will hurt Californians

“Missing from this article is the loss of the $21 billion Reserve, the rainy day fund as Guv Brown called it. So really, we have overspent and “under revenued” by $75 billion. When the Governor closed millions of jobs we lost sales tax, income tax, excise tan and corporate taxes. We will lose property taxes as the value of land and property is reduced. We are told we need to continue to kill the economy since we are still finding more virus cases—without telling the whole truth. The TRUTH?”

Here’s how a $54 billion deficit will hurt Californians