California faces $18 billion budget deficit next year

California will face a nearly $18 billion budget deficit in the new fiscal year due to higher than expected spending, despite an economic boon largely driven by AI enthusiasm and strong revenue. California is still in the red with another big budget deficit projected for next year is a story from Stocktonia News, a rigorous and factual newsroom covering Greater Stockton, California. Please consider making a charitable contribution to support our journalism.