Apr 9, 23 | Financial check-up of the states: California, Florida, Illinois, New York, New Jersey

We often cover the US federal level budget and debt issues. But what is the situation at the state level? This week’s Bygone Relics show is answering this question:

To start with, California had a $100 billion surplus causing governor Newson to say ‘no other state in American history has ever experienced a surplus as large as this.” Last month, Newson had to eat those words because the state is facing a $22.5 billion deficit according to Dan Walters at Cal Matters.

Read up on your state’s finances and pension programs.

Ask yourself this question- if the Feds don’t bail us out how much will my taxes go up to pay these costs?

Go to https://cthomasprinter.com/ to access the news articles.

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https://www.cnn.com/2023/02/04/economy/strong-jobs-report-weakening-economy-analysis/index.html

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