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California faces $54 billion budget deficit

MAY 8, 2020 | by Kevin Yamamura | POLITICO

By Kevin Yamamura, includes “California faces a $54.3 billion deficit as the coronavirus pandemic hammers the economy, the state's worst budget gap since the Great Recession, state finance officials said Thursday. The shortfall is almost 37 percent of the current $147.8 billion general fund budget and foretells widespread program cuts absent a federal bailout. … K-12 schools and community colleges stand to lose $18 billion alone and are clamoring for money to adapt campuses to a new social distancing reality.”

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