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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 ...
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Analysts said California could have used some of the $43.5 billion the state received in American Rescue Plan Act money to pay down the debt. Instead, state officials spent the relief money for ...
Credit Ratings for state debt from S&P Global as of January 2017: ... A+ A A- BBB+ BBB. This is a list of U.S. state government budgets as enacted by each ...
“Failing to increase the debt ceiling therefore would have the most impact in terms of severe unemployment, deep recession, and sudden stock market declines on the California economy,” said ...
Less than a week after the Legislative Analyst’s Office projected California will face a $68 billion deficit, Gov. Gavin Newsom’s Department of Finance is asking state workers for financial ...
According to California's Department of Finance, the state's 2017-2018 enacted state budget includes over $180 billion in state funds. [28] As can be seen below, Table 1 gives an overview of California's 2017-2018 enacted state budget. As the table suggests, health care and K12 education represent California's largest expenditures of state funds.
Americans have been racking up debt very rapidly in the past months. For instance, as of the second quarter of 2023, total household debt rose by $16 billion to reach $17.06 trillion in the second...