An $18 billion hole in the budget is a feature of the pension spiral
OPINION – California stares down an $18 billion budget problem for 2026–27, $5 billion larger than the Newsom administration admitted last June. Revenue gains from the AI boom? Almost entirely erased by Proposition 98 education mandates and Proposition 2 debt payments.Continue reading the full article: Capitol WeeklyOriginal article: https://capitolweekly.net/an18-billion-hole-in-the-budget-is-a-feature-of-the-pension-spiral/
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