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California has been running budget surpluses for many years. And will run a surplus again this year, despite the pandemic

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It currently looks like CA will face a 54B budget deficit for 2020 [0], and "could see" a "one-time surplus" of $26B for 2021 [1,2], followed by projected deficits in 2022-25 [2].

[0] https://www.npr.org/2020/08/03/895377375/california-has-lost...

[1] https://www.sacbee.com/news/politics-government/capitol-aler...

[2] https://lao.ca.gov/reports/2020/4297/fiscal-outlook-111820.p...

California budgets from mid year. So 2020-2021 and that is projected to have a $26b surplus. There is projected deficits beyond that, but not sure anyone can say for certainty how fast the economy will recover

No, it will not: https://www.npr.org/2020/08/03/895377375/california-has-lost...

Yes, it will: https://www.sacbee.com/news/politics-government/capitol-aler...

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