How California Went From Billions of Surplus to Billions of Deficit in One Year | Scott Baugh

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Jan 06, 2023, 01:00 PM
How California Went From Billions of Surplus to Billions of Deficit in One Year | Scott Baugh

“It wouldn’t surprise me that this budget deficit, depending on a recession, would get to $50 to $100 billion.”
Siyamak sits down with Scott Baugh, a former California state representative and Republican assembly leader.
California could be looking at a $25 billion budget deficit in the coming fiscal year. What caused the state to experience a potential deficit after having a huge surplus the past two years? Will services be cut? Or will we pay higher taxes?
California Insider show is sponsored by Birch Gold Group. Protect your IRA or 401(k) with precious metals today: http://birchgold.com/california
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Source: How California Went From Billions of Surplus to Billions of Deficit in One Year | Scott Baugh

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