California Revenues Failing To Meet Expectations ...Middle East

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California Revenues Failing To Meet Expectations
Sacramento, CA — Difficult decisions could be on the horizon for California lawmakers based on early revenues this budget year. State tax collections have fallen below expectations for four straight months. The state’s non-partisan Legislative Analyst’s Office reports that there is an 80% chance that the state will be $8-billion short when the fiscal year ends on June 30. Over the past couple of years, the state has seen record surpluses, leading to free-flowing money spent on new programs and initiatives. They include expanding kindergarten to four-year-olds, additional people eligible for free healthcare, and $21-billion worth of taxpayer stimulus checks. Governor Gavin Newsom responded to

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