‘Larger Than Anticipated’: California Admits It Botched Deficit Estimation By $5B

In an update to California's fiscal 2026-2027 budget outlook Wednesday, a new report released by the state's nonpartisan Legislative Analyst’s Office (LAO) admitted it botched the deficit estimate by roughly $5 billion.

Source: Independent Journal Review

Original URL: https://ijr.com/larger-than-anticipated-california-admits-it-botched-deficit-estimation-by-5b/