California’s worsening financial condition
September 27, 2011
Half of California voters believe their financial condition is worse than last year,
It is the fourth straight year this has occurred, and the first time it has happened since Field began the polling a half century ago.
“Pretty gloomy stuff,” said Field Poll director Mark DiCamillo. “The length of these negative reports is now becoming historic.”
Not surprisingly, the poll found a huge majority – 91 percent – of voters consider California’s economy to be in bad shape. About half those think things will improve by next year, 30 percent say it will get worse, and 26 percent look for an improvement.
California’s revenues already have fallen short during the second quarter, according to the state’s Department of Finance.