ACT Facing $1 Billion Budget Crisis: Aging Population and Small Tax Base to Blame
The Australian Capital Territory (ACT) is grappling with a staggering budget deficit, nearing $1 billion. This alarming figure is projected to worsen over the next three and a half decades,…
California Budget Battle: Legislature Rejects Newsom’s Deep Spending Cuts
California is facing a $12 billion budget deficit, and the proposed solutions are sparking a major showdown between the state legislature and Governor Gavin Newsom. Newsom’s “May Revision,” released on…