(KMJ) – New estimates from the Newsom administration predict a staggering California budget shortfall of $54.3 billion dollars because of the coronavirus.
The projections, released Thursday, estimate a deficit nearly three-and-a-half times more than what the state had saved for an economic downturn.
California has been under a mandatory stay-at-home order since March 19th. And that order closed nonessential businesses and prompted more than 4 million people to file for unemployment benefits.
