By Tom Tapp Deputy Managing Editor At his Wednesday press conference, California Governor Gavin Newsom confirmed the state is facing the worst budget deficit in its history.
Possibly even harder to hear for the many Californians thrown out of work by the coronavirus: State projections show unemployment hitting 18 percent.
Newsom says the unemployment numbers will create hardships “more acute than anything we’ve seen in modern times.” As he did yesterday, he then called on the federal government to step in and aid the state. “We really need the federal government to do more,” he said.
For comparison, in its January projections, the state pegged unemployment this year at 4.4 percent and a state budget surplus of $6.8 billion.
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