In January, California was propelling the American economic resurgence—with 118 consecutive months of growth, stratospheric job creation, and its highest credit rating in nearly two decades. Because of prudent one-time investments which enabled the state to attain the largest rainy day fund in its history, California in a far stronger fiscal position today than it has been during previous downturns.
In this blog post, we will go over:
- California's economic outlook prior to the COVID-19 induced recession.
- The rationale for this year's May Revise and projected budget cuts.
- An in depth analysis of areas most important to our members, including: education & child care, financial stability, health, as well as housing & homelessness; and,
- The State's Economic Outlook for the Future.