Recession and Inflation Drain California’s $100 Billion Surplus

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Recession and Inflation Drain California’s $100 Billion Surplus (legalinsurrection.com)

This current fiscal year, California boasted of a $100 billion surplus budget.

However, the combination of recession and inflation have drained the money, and the state is now facing a $25 billion deficit.

> This current fiscal year, California boasted of a $100 billion surplus budget. > However, the combination of recession and inflation have drained the money, and the state is now facing a $25 billion deficit.