Newsom Wants to Add $6.4 Billion to California’s $1.6 Trillion Debt with Proposition 1

Newsom Wants to Add $6.4 Billion to California’s $1.6 Trillion Debt with Proposition 1
California’s state and local government debt is roughly $1.6 trillion, which includes a proper accounting of the state’s unfunded liabilities. To put this in perspective, this works out to about $125,000 of debt per California household and exceeds the annual GDP of all but 13