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California faces deficit

By: Jordan Park

Local News Editor

On Dec. 7, the nonpartisan Legislative Analyst’s Office said California is facing a 68 billion dollar deficit, a result of lower-than-normal tax revenue. California delayed its tax filings to November due to the state experiencing a series of damaging storms earlier this year. The delay forced Gov. Gavin Newsom to devise a budget plan without having a clear idea of the exact amount of funds available to the state. As a possible solution, the California government is considering reducing spending on education and extracting money from its savings account.

(Source: CBS)

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