California Might Face $7 Billion Larger Budget Deficit Than First Predicted

California Might Face $7 Billion Larger Budget Deficit Than First Predicted
California Gov. Gavin Newsom leaves the stage after delivering his budget proposal in Sacramento on Jan. 10, 2023. José Luis Villegas/AP Photo
Jill McLaughlin
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As revenues continue to fall, California may face a $7 billion larger budget deficit than the governor forecasted in January, according to the state’s Legislative Analyst’s Office.

“Although the Governor’s budget revenue estimates are reasonable, they are likely a bit too high,” legislative analyst Gabriel Petek stated in the 2023–24 Multiyear Assessment report issued on Feb. 15.

Jill McLaughlin
Jill McLaughlin
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Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.
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