by Chriss Street
California's fiscal collapse gains speed.
As California governor Gavin Newsom announced plans for a record $144.2-billion spending plan, the state controller quietly reported a $4.82-billion collapse of state tax revenues.
Gov. Newsom's Proposed 2019-2020 Budget, released on January 9, had all the characteristics of "Rainbows, Butterflies, and Unicorns." Newsom
by Chriss Street
California's fiscal collapse gains speed.
As California governor Gavin Newsom announced plans for a record $144.2-billion spending plan, the state controller quietly reported a $4.82-billion collapse of state tax revenues.
Gov. Newsom's Proposed 2019-2020 Budget, released on January 9, had all the characteristics of "Rainbows, Butterflies, and Unicorns." Newsom
California: Record spending as tax revenue collapses by $5 billion - Chriss Street
![California: Record spending as tax revenue collapses by $5 billion - Chriss Street]()
Reviewed by Brain Coplin
on
January 16, 2019
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