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Current events; Random article; About Wikipedia; ... Credit ratings for state debt from S&P Global as of May 2021: ... California: AA- Aa2 [2] AA March 1, 2022 [7 ...
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
California's massive ... has said that it would rely on increased federal taxes on employers to pay down the debt. Currently California employers pay a federal unemployment insurance tax of 1.2% ...
This is a list of U.S. state government budgets as enacted by each state's legislature.. A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts).
The current debt ceiling was approved in December 2021 on a party line vote. It passed after months of political wrangling, and only because Senate Republican Leader Mitch McConnell agreed to ...
Americans owe more than $1.2 trillion in credit card debt. How much does California have?
In addition, the state treasurer supervises and reports on municipal debt. [11] Invests state funds. Assets under the state treasurer's management include state and local government investment pools along with California's ABLE, college savings, and retirement savings trust funds. However, the state treasurer does not direct the investment of ...
Here’s what the debt picture looks like across a few key borrowing categories. Credit cards. The average amount of credit card debt per consumer in the U.S. in 2023 was $6,501, according to ...