Tag: Tax revenue
Exploring California’s $300 Billion Budget: What You Need to Know
Over the weekend, Governor Gavin Newsom of California approved a budget to address the state's $46.8 billion deficit. The total budget for the upcoming fiscal year is $297.9 billion, which will be used to...
Forecast: U.S. Debt Set to Exceed $56 Trillion in Next Decade
The Congressional Budget Office recently released projections that paint a bleak picture of the United States' fiscal future. The national debt is expected to exceed $56 trillion by 2034, driven by increasing spending and...
California Budget Crisis: Understanding the Budget Shortfall
Lawmakers in California have recently passed a preliminary budget to meet the legal deadline, but they are still working out the final details. The state's finances have been fluctuating a lot in the past...