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Revenue shortfall leaves California facing a budget squeeze
Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue. K-12 education will avoid significant cuts, but is vulnerable if the economy slows.
Guests: Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer - Moody’s Ratings
Host: Nick Samuels, Senior Vice President, Moody’s Ratings
Related content on Moodys.com (may only be available to registered users and subscribers):
- California’s deficit grows, increasing importance of strong budget solutions
- California school districts are prepared for state budget cuts due to liquidity and strong reserves
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By Moody's Investors Service
5
1313 ratings
Spending cuts of $25 billion will ease the deficit, though out-migration of high earners remains a drag on revenue. K-12 education will avoid significant cuts, but is vulnerable if the economy slows.
Guests: Matt Butler, VP-Sr Credit Officer - Moody’s Ratings; Helen Cregger, VP-Sr Credit Officer - Moody’s Ratings
Host: Nick Samuels, Senior Vice President, Moody’s Ratings
Related content on Moodys.com (may only be available to registered users and subscribers):
- California’s deficit grows, increasing importance of strong budget solutions
- California school districts are prepared for state budget cuts due to liquidity and strong reserves