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Source. (bizpacreview.com)

While Governor Gavin Newsom may be eyeing the White House, the state he is charged with running is facing a bigtime budget crisis.

California is reeling from a “severe revenue decline” and a record $68 billion budget deficit as residents and businesses continue fleeing the Democrat-run state for Redder pastures.

Gavin Newsom says the quiet part out loud and brags about it.

pic.twitter.com/mykIsuarZe

— BPR (@BIZPACReview) November 13, 2023

[Source.](https://www.bizpacreview.com/2023/12/08/california-facing-68-billion-budget-deficit-as-revenue-generating-residents-continue-to-flee-1418495/) > While Governor Gavin Newsom may be eyeing the White House, the state he is charged with running is facing a bigtime budget crisis. > California is reeling from a “severe revenue decline” and a record $68 billion budget deficit as residents and businesses continue fleeing the Democrat-run state for Redder pastures. >> Gavin Newsom says the quiet part out loud and brags about it. >> pic.twitter.com/mykIsuarZe >> — BPR (@BIZPACReview) November 13, 2023

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[–] • 1 pt

That's the amount they are admitting too. It's worse than that when you look at how the budget is formulated and guarantees it will always be in a deficit if the markets take any kind of dive or catch a cold.