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In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
With a population of nearly 40 million as of 2018, California has by far the largest annual state expenditures albeit lower on a per-capita basis than 20 smaller states. [28] [29] California receives a significant amount of money from the federal government, especially for healthcare and welfare programs, but also has large in-state ...
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Credit card debt has soared throughout 2022 as consumers are shying away from cash-on-hand in order to foot the bill of inflation.. Data from the Federal Reserve Bank of New York showed a $312 ...
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GDP per capita also varied widely throughout the United States in 2024, with New York ($117,332), Massachusetts ($110,561), and Washington (state) ($108,468) recording the three highest GDP per capita figures in the U.S., while Mississippi ($53,061), Arkansas ($60,276), and West Virginia ($60,783) recorded the three lowest GDP per capita ...
Currently California employers pay a federal unemployment insurance tax of 1.2% on the first $7,000 of wages per employee, but that will rise incrementally every year so long as California is in ...