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Newsom Wants to Add $6.4 Billion to California’s $1.6 Trillion Debt with Proposition 1
1 year ago
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Newsom Wants to Add $6.4 Billion to California’s $1.6 Trillion Debt with Proposition 1
California’s state and local government debt is roughly $1.6 trillion, which includes a proper accounting of the state’s unfunded liabilities. To put this in perspective, this works out to about $125,000 of debt per California household and exceeds the annual GDP of all but 13
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