Newsom did it. CA Budget shortfall predicted at $68 BILLION in Legislative Analyst Report released today.

California Faces a $68 Billion Deficit. Largely as a result of a severe revenue decline in

2022-23, the state faces a serious budget deficit. Specifically, under the state’s current law and policy, we estimate the Legislature will need to solve a budget problem of $68 billion in the upcoming budget process.

https://lao.ca.gov/Publications