LAO Says California Faces $25 Billion Budget Deficit in 2023 – 24!

Sacramento, CA…The following is the executive summary from the Legislative Analyst’s Office on CA’s finances….”Economic Conditions Weigh on Revenues. Facing rising inflation, the Federal Reserve—tasked with maintaining stable price growth—repeatedly has enacted large interest rate increases throughout 2022 with the aim of cooling the economy and, in turn, slowing inflation. The longer inflation persists and […]