Opinion: Economic Reality Bites for Newsom and California as Big Deficit Looms ...Middle East

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Opinion: Economic Reality Bites for Newsom and California as Big Deficit Looms
source : Times of San Diego ( Middle East ) () 10
Gov. Gavin Newsom gives a State of the State address in Sacramento. Photo by Miguel Gutierrez Jr. / CalMatters During his much ballyhooed, nationally televised debate with Florida Gov. Ron DeSantis last week, California Gov. Gavin Newsom boasted that the state’s economy is “booming” and leads the nation. “California has no peers,” Newsom declared. “California dominates.” About 18 hours later, reality reared its ugly head. The Legislative Analyst’s Office revealed that state tax revenues are running tens of billions of dollars behind expectations due to a slowing economy, creating a monumental budget headache. The dilemma became apparent when the November income tax filing dea

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