Borrowing against the future, California is facing a future riddled with both past debt and pending obligations.
Charging It
- Since 2001, CA has borrowed $26 billion to balance state budgets.
- 40% of next year’s projected budget deficit is for debt payment.
State jobs where more than 50 percent of the workers are older than 50.
- Career Executive Appointment 67%
- Education and Library 67%
- Emergency 59%
- Legal 50%
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