California’s Budget Whiplash

After excitement and possibility over how to spend a record $97.5B budget surplus last year, this year California has a deficit and staring down a $31.5B budget gap. How did this budget whiplash happen?

This summary originated from a story produced by John Osborn D’Agostino and Jeremia Kimelman for CalMatters, a nonpartisan and nonprofit news organization bringing Californians stories that probe, explain and explore solutions to quality of life issues while holding our leaders accountable..