(The Center Square) – California experienced the highest outmigration of any state in the nation, a major threat to the state’s fiscal future as it faces a $68 billion budget deficit and declining tax revenues.
New Census Bureau data says a net total of 338,371 Americans left the Golden State in 2023 compared to those moving in from other states, eating into tax revenues and representing a 2% increase in outmigration over the prior year. The state already faces a $26 billion revenue shortfall for the current 2023-2024 fiscal year, partially due to what the state legislative analyst’s office says is a recession that started in March of 2023.
Though California had the highest outmigration, New York came first overall for population decline, as California brought in twice the international immigrants New York did and experienced more than double the births. In proportional terms, New York, which has half the population California does, had two-thirds California’s level of outmigration, leading to the state’s higher overall decline in population.
S&P, which recently reduced its outlook for California’s general obligation bonds from “positive” to “stable,” also noted in a separate report that outmigration accelerated by cost increases could, “absent the state’s ability to adapt by cutting expenditures…lead to credit quality deterioration.”
Polling from the Public Policy Institute of California has found that the state’s housing costs — the primary driver of the state’s cost of living — make 45% of residents consider moving out of the state. California maintains a 4.5 million home housing shortage as regulations limit the production of housing.
Newton’s third law,,,”For every action there is an equal and opposite reaction.”
California should have been the canary in the American coal mine that warned us and proved Newton’s 3rd law always prevails,, that in politics as well as well as Physics, when you promote and achieve an ILLEGAL in-migration of law breakers and wealth and social benefit stealers, you soon get an equal an opposite out migration of legal law abiders and wealth and social benefit creators. Newsom and California Democrats prove it’s not the dog in the fight that counts, but the fight in the dog, and their hydrophobic obsessions to in-migrate street fighter protesting legions of lawbreaking rabid attack dog future undocumented Democrat voters on dependency and drugs,,,,, only created an out-migration of legal, pure-bred loyal, obedient American protecting guard dogs capable of hunting their own meals, and defending their homeland territory. In a real contest, these democrats always prove to be the littering runts of the American liters of sheepdogs designed to protect, not lift their legs upon the people they were elected to defend.
I just cannot wait to see when and how Newton’s 3rd law kicks in, in response to what those Colorado Judges just did to Trump. They just sealed their own fickle’d fate in Colorado whose equal and opposite reaction will end up putting Trump back into the Whitehouse.
I wonder, how many of those fleeing, ARE REALIZING ITS BECAUSE OF THEIR OWN LIBTARD votes and policies, that the state is so rotten, AND THUS ARE LEAVING THOSE ideas behind?
black reporations anyone? anyone? anyone?
The only valid reparations due in America are to the hard working taxpayers whose taxes were spent in ways that just increased the social dependency on goverment rather than strengthen the socially weak, now locked into permanent dependency of dishonst democrats who lied what their real power grabbing intentions were. Trillions spent on failed social programs and we are now poorer and more nationally in debt than when we started.
Nicely said. IF Anyone’s deserving of reparations, ITS WE TAX victims!
Very predictable, even years ago. So just this last Monday Gruesome Newsom ordered all departments to cut back on spending, save whatever and wherever they can. The real problem for California is that this is the tip of the iceberg. The wealthy have not stopped their exodus, taking their incomes, their wealth and their taxes out of the state. That continues, and will do so for some time to come. Those who will be left will only be the uber rich, who are much less affected as they have smart attorneys and accountants paid to reduce their tax bite, and the poor. The vast majority of the population will be the poor who have migrated to California for the very generous handouts, and the millions of illegal aliens also looking for freebies. All their hands will still be out, but there won’t be anything to put in them.
No one is going to want this grifter as president, maybe just a few of the slimy democrats.
YET there’s thousands, possibly even MORE, that DO WHAT this cretin, to run for president.
That’s what happens when the citizenry elects a useless dem-rat idiot to run the state.
Thankfully, I live in FL, where we don’t have dem-rats running our state.
YOU MEAN IDIOTS there are more than just newsome
And yet the simple-minded citizens of the once great state continue to vote for the democrats, why? I’ll tell you why because misery loves company! And as Newsom has stated many of times, California will lead the nation to its end. And not only can you thank you President for that, but you can also thank the teachers for dumbing down the population!
I lived there many years ago. Nice weather but crowded. Los Angeles crowded but nice weather with plenty employment opportunities. Cans see why immigration guest select. Lors of work.
THEY ARE illegally in our nation. THEY SHOULDN’T BE working.