California State Budget 2023-2024: Deficit of at least $31.5 BILLION

CalMatters.org - June 15, 2023 | Updated June 26, 2023

By law, the Legislature must approve and the governor must sign a budget before July 1, the start of California’s fiscal year.

Otherwise, the state can’t pay its expenses, such as salaries or some vendor payments.

Newsom and legislative leaders announced they had a deal on June 26, the night before the deadline for the governor to sign, veto or line-item veto the budget bill passed by the Legislature.

The votes on the budget bills are expected by June 30.

https://calmatters.org/explainers/california-budget-2023/

This shortfall is about $9 billion more than the $22.5 billion gap he projected in his initial January budget proposal…

https://thehill.com/homenews/state-watch/4002196-newsom-announces-california-budget-deficit-much-larger-than-previously-expected/

Twitter thread "This is how politicians steal our money! … GREED"…

https://twitter.com/JoseAMarcial1/status/1617955469632630784