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Why California’s Budget Deficit Is Snowballing: Legislative Analyst | Gabriel Petek

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Manage episode 401519656 series 3364485
Content provided by Siyamak Khorrami. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Siyamak Khorrami or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Siyamak sits down with Gabriel Petek, California’s legislative analyst. He shares with us why California is facing such a huge budget deficit and how it may last a few more years. He also shares what it will take to solve this budget crisis.

“A couple of years ago, we had a $100 billion surplus, and we heard about these big numbers. Now, we’re estimating that we currently face a $68 billion budget deficit. The governor’s office also identifies about $30 billion in annual deficit,” Mr. Petek said. “In order to solve that problem, we would need $50 billion in higher revenues.”

  continue reading

166 episodes

Artwork
iconShare
 
Manage episode 401519656 series 3364485
Content provided by Siyamak Khorrami. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Siyamak Khorrami or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Siyamak sits down with Gabriel Petek, California’s legislative analyst. He shares with us why California is facing such a huge budget deficit and how it may last a few more years. He also shares what it will take to solve this budget crisis.

“A couple of years ago, we had a $100 billion surplus, and we heard about these big numbers. Now, we’re estimating that we currently face a $68 billion budget deficit. The governor’s office also identifies about $30 billion in annual deficit,” Mr. Petek said. “In order to solve that problem, we would need $50 billion in higher revenues.”

  continue reading

166 episodes

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