Posts Tagged: $54 billion

News

LAO: Virus’ fiscal impact lower than governor’s estimate

State Capitol in Sacramento. (Photo: Brandon Bourdages, via Shutterstock)

Ultimately, the May Revision will include different revenue estimates and expenditure proposals than we used to arrive at our assessment of the budget problem. In fact, the administration very recently released an estimate of the budget problem—about $54 billion—that is significantly higher than either of our estimates.

Support for Capitol Weekly is Provided by: