wasimkadiri@lemmy.world to

News@lemmy.worldEnglish · 6 months ago

California’s problems just keep piling up

thegreggjarrett.com

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California’s problems just keep piling up

thegreggjarrett.com

wasimkadiri@lemmy.world to

News@lemmy.worldEnglish · 6 months ago

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Broke as a joke: CA audit finds state owes $55 billion more than available

thegreggjarrett.com

California’s problems just keep piling up. Albeit 350 days past the filing deadline, the state just filed its 2021-2022 audited financial statement and got some big news: it still owes $55 billion more than it has. The Center Square reports that in its filing, the state admits that COVID-era unemployment fraud cost the state $29 billion that must be paid […]

California’s problems just keep piling up. Albeit 350 days past the filing deadline, the state just filed its 2021-2022 audited financial statement and got some big news: it still owes $55 billion more than it has

https://thegreggjarrett.com/broke-as-a-joke-ca-audit-finds-state-owes-55-billion-more-than-available/

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MeekerThanBeaker@lemmy.world
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6 months ago
There definitely was a misjudgment in budget projection. They thought the economy was going to continue like it did in previous years.

Here’s a more centrist article from last month:

https://calmatters.org/commentary/2024/05/california-budget-surplus-became-deficit/

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