California's Predicted Fiscal Firestorm Has Arrived
invite response
2023 Feb 16, 9:48pm 355 views 1 comment
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zzyzzx
2023 Feb 17, 6:30am
zzyzzx
2023 Feb 17, 6:30am
cisTits says
Meanwhile, in New York, Democratic Gov. Kathy Hochul is proposing a $227 billion budget for fiscal year 2024. Compare that number to Florida’s proposed budget, which comes in at $115 billion.
Why the comparison to New York? Because Florida has a larger population (21.78 million) than the Empire State (19.84 million), yet it spends half as much money to run the state. “This is just people voting with their feet,” DeSantis said in November.
https://thehill.com/opinion/finance/3854794-the-new-red-wave-is-already-here/
Meanwhile, in New York, Democratic Gov. Kathy Hochul is proposing a $227 billion budget for fiscal year 2024. Compare that number to Florida’s proposed budget, which comes in at $115 billion.
Why the comparison to New York? Because Florida has a larger population (21.78 million) than the Empire State (19.84 million), yet it spends half as much money to run the state. “This is just people voting with their feet,” DeSantis said in November.
California tax revenues, a bellwether for the country, declined 42% year-over-year in January, led by a 50% decline in income tax revenues.