Despite Tax Increases, California Budget Deficit Already $2.7 Billion

Despite Tax Increases, California Budget Deficit Already $2.7 Billion

Even as residents flee the state — and take their tax dollars with them — California has continued to engage in deficit spending. This has resulted in the state’s budget deficit for the first five months of the fiscal year increasing to $2.7 billion, bringing the state’s total debt to nearly $25 billion.

Breitbart News reported that after Californians voted for massive tax increases by approving of Proposition 30 in November, the state’s tax revenues declined in November by $806.8 million, or 10.8%. 

State bureaucrats are projected to spend more money than the additional revenues the state is expected to gain from Proposition 30’s passage. 

For instance, The Department of Developmental Services and the Department of Health Services in California has already increased its spending “in comparison to its spending last year.” 

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