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SVB Crash Will Slam California State and Local Budgets

SVB Crash Will Slam California State and Local Budgets
A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters in Santa Clara, Calif., on March 10, 2023. Justin Sullivan/Getty Images
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Commentary

We’re still early in the Silicon Valley Bank crisis. But one thing it will hurt is California’s state and local budgets. And not just in the short term, but the long term.

John Seiler
John Seiler
Author
John Seiler is a veteran California opinion writer. Mr. Seiler has written editorials for The Orange County Register for almost 30 years. He is a U.S. Army veteran and former press secretary for California state Sen. John Moorlach. He blogs at JohnSeiler.Substack.com and his email is [email protected]
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