The Real Story Behind California’s “Trump Slump” - Budget Woes

<p>Despite Governor Gavin Newsom and the California Legislature declaring, during this year’s May Revision, that the state was suffering from a “Trump Slump” — supposedly causing a significant revenue loss — President Donald Trumphad nothing to do with what state officials themselves have described as a <em>structural deficit</em>, meaning current-lawspending exceeds current-law revenues.</p><p></p>