There are many contributing factors to the plunge in revenues.
is so dire in California that Gov. Gavin Newsom proposes cutting billions of dollars in climate spending and delaying funding of major programs to balance a $22.5 billion budget deficit if tax revenues don’t rebound.Last month, Newsom announced that California faces a projected budget deficit of $22.5 billion for the coming fiscal year.
Corporate tax revenue came in about 20% lower in January than during the previous year, no doubt in part because of declining profits at big tech companies. But it’s also possible that the accelerating exodus of companies from the state may be contributing.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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