Tag: budget shortfall

California to Face Budget Shortfall Amid Mass Exodus of Business Owners

Admin

The state of California is facing a budget deficit of $25 billion going into 2023, the state’s Legislative Analyst’s Office (LAO) reports.

According to the Daily Caller, the LAO’s Wednesday report claimed that the primary reason for the deficit will be the shortcomings in the state’s tax revenue, which will ultimately be about $41 billion less than originally projected. Corporate tax revenue in the state is expected to drop by about $6 billion from fiscal year 2021-2022 to 2023-2024, and personal income tax revenue has also declined, from $135.9 billion in the prior fiscal year to an estimated $122.6 billion in the coming fiscal year.

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Georgia Southern University Preparing to Return to ‘Normal’ Operation

Peter D'Abrosca

One publicly-funded university in Georgia says it plans to resume normal operations in the fall semester.

“For Fall 2021, we are currently planning for a full return to campus, which means resuming ‘normal’ operations with in-person instruction, research, events, service, and activities, and full dining and housing operations,” Georgia Southern University President Dr. Kyle Marrero said in a message to students, faculty, and staff according to WTOC. 

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