12/23/2024

What You Need To Know About California’s New Budget

A few things about summertime in California have become utterly predictable: cineplex superheroes, beach crowds and a record-setting state budget.

Two years ago, we told you the state’s budget hit $180 billion—and that with that money you could buy the Los Angeles Lakers 60 times over. Last summer, the state budget set a new high at $201 billion—enough to purchase 32 NFL teams, twice.

The latest budget clocks in at an unprecedented $215 billion. Imagining what could be bought with all that greenery? We’ll tell you that and much more in our annual video breakdown of the budget in under two minutes:

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