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California likely to have $25 billion budget deficit in 2023, report says

Por: ABC7 Politics November 17, 2022

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SACRAMENTO, Calif. -- California will likely have a $25 billion budget deficit next year, state officials announced Wednesday, ending a run of historic surpluses and acting as a warning to other states about a potential recession.The deficit will likely lead to some painful spending decisions in the nation's most populous state. But it likely won't affect the state's biggest expansions of government services - including free... + full article



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