This just in from the Silicon Valley group Next 10:
“We just updated the forecast numbers in the California Budget Challenge and project that in five years, California may face a budget deficit of $27.6 billion … the updated Challenge reflects our current financial condition and many of the policy options being considered in Sacramento.”
We featured Next 10 in our May 31 Perspectives page “Put your mark on the budget.” Go to their site and try your hand at balancing the state budget. They call it the Budget Challenge.
That is an understatement of a name. Check out our editorial on how the readers voted on our budget challenge.