Lao New Year 2024 California – In a grim sign for the state, California is projected to see a $58 billion shortfall in revenue collection over the course of three fiscal years, from 2022-23 to 2024-25, according to a report . () – The California Legislative Analyst’s Office estimates the state will have a $26 billion revenue shortfall for the 2022-2023 fiscal year and announced the state entered into .