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California budget analyst predicts temporary $26 billion surplus, then rising long-term deficits

NOVEMBER 23, 2020 | by Sophia Bollag | THE SACRAMENTO BEE

By Sophia Bollag, includes “California could see $26 billion in one-time surplus funds that will help balance the budget next year, but moving forward will face rising deficits … The limited effect on high wage earners has kept California’s revenue up as those workers have kept their jobs and continued to work from home. … Federal stimulus checks for individuals and increased unemployment help has also boosted California revenue in the short term.” 

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