State of California Real Time Debt Clock. 38,677,718. $622,383,653,398

May 11, 2024 · California has a multibillion-dollar budget deficit that could force Democratic leaders to end a number of safety net programs and permanently cut 10,000 vacant state jobs.

Mar 26, 2024 · Around the time of the 2007–8 financial crisis, California faced a budget deficit of about $40 billion, which led to state worker furloughs and layoffs, the use of state IOUs, and a …

California’s total state and local government debt now stands at almost $1.6 trillion, or about half the state’s GDP. That isn’t an alarming ratio when compared to the national debt, which has …

California, as the largest economy within the United States, leads the pack with a state debt totaling $520 billion, followed by New York ($368 billion) and Texas ($324 billion). Large states …

Powerful Views of California Public Debt. State and local government entities in California have issued more than $2 trillion in debt over the last four decades to build critical infrastructure, …

Nov 13, 2024 · The state of California has over $270 billion in debt and local entities have over $230 billion in debt. California’s total long-term debt, between the state and local governments, …

The biggest challenge facing lawmakers and Gov. Gavin Newsom is the state budget deficit — and it just got bigger. Today, the Legislative Analyst’s Office projected the shortfall as $15 …

California Public Debt Issuance Yearly Totals for the Period January 1, 1985 Through December 31, 2022

Nov 3, 2024 · As of 2022, California had the nation’s fifth worst debt ratio, at 106%—meaning the state owes more money than it takes in. The next two most populous states, Texas and …