Tom Del Beccaro: Coronavirus in California – shutdown worsens revenue woes, so guess what’s coming?

Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here.
California is making plans to reopen its economy even though many assumed liberal California would be closed longer than most. So why is it planning on opening? Perhaps the reality of its fiscal crisis is too stark for even Gov.Gavin Newsom to ignore.
Just how big is the California state budget? The answer is over $214 billion annually between money that the legislature appropriated and voter-approved bond spending. The next closest state is New York at approximately $180 billion.

Read original