“I think the state is far better positioned for a potential economic downturn this time around than it has been in contemporary history,” said Chris Hoene, executive director of the California Budget & Policy Center.
California revenues decline amid economic worries
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“This isn’t a recession that was driven by economic failures, this is a recession driven by a global pandemic,” said Chris Hoene, executive director of the California Budget and Policy Center.
California revenues soar as rich get richer during pandemic
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