Wealthion · Monday, August 10, 2026
Chris Casey highlights the dramatic increase in California's state budget, with expenditures rising from approximately $150 billion in 2019 to $250 billion. He questions how this two-thirds increase in spending over a seven-year period is being explained, suggesting it's a key driver of financial measures targeting the wealthy.
“California, I find this shocking. In 2019, their expenditures for their budget was about 150 billion. Now it's 250 billion.”
“So how do you explain over a seven year period, a two-thirds increase in expenditures, right?”