Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

California Budget Predictions: $41.8 Billion in the Red

Stories like these are only possible with your help!
You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.
5b2c5ca74488b300092813da-original.jpg

This is what's being predicted for California: a $14.8 billion deficit by June 30--then $41.8 billion by 2010, according to revenue forecasts by the state Department of Finance. The LA Times wraps it nicely in their deck: "Unless legislators take control, gap could become the largest in modern California history, analysts say. But a solution seems unlikely as Gov. Schwarzenegger scolds lawmakers for failing to act."