California Has Promised a Quarter-Trillion Dollars More Than It Has to Spend

Arriving nearly a year past its due date, an annual financial report from the California State Controller’s Office released March 15 facts more than$ 255 billion in unfunded responsibilities.
This is the highest quantity in the state, and it is a record for the condition.
The document, known as the Annual Comprehensive Financial Report, covering the fiscal year ending June 30, 2022, attributes much of the deficit to vows made to express workers and seniors.
” It shows you how strong in the opening you are”, former state Sen. John Moorlach, also a certified public accountant, told The Epoch Times. ” It’s just like a thermometer to tell you where we’re at”….

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