California faces major deficit

  • Posted on December 23, 2025
  • By Bing News
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California faces major deficit

California lawmakers are facing a projected multibillion-dollar budget shortfall that state analysts claimed could persist for years, raising concerns over long-term fiscal stability. The situation has prompted GOP criticism over alleged overspending, while Democrats have pointed to expanded health and social programs. The nonpartisan Legislative Analyst’s Office has projected an $18 billion deficit in 2026–27Continue reading "California Faces...
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