Sacramento Bee: California faces $53.4 billion deficit, 18 percent unemployment, Newsom’s office projects*

Forget the manna! Send money!

*https://www.sacbee.com/news/politics-government/capitol-alert/article242560366.html

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Cautionary note: Obviously, things are going to be very bad. However, the state uses words such as "deficit" in very elastic ways. Apparently, some kind of information was leaked to journalists, but there is nothing on the governor's website and nothing on the Dept. of Finance website and probably won't be until next Thursday when the May Revise is released. The journalistic accounts today mix up the general fund and the overall budget which includes other funds. Possibly, the governor will say more at his noon news conference later today. (He has been holding daily noontime coronavirus news conferences since late March.)