From the article linked by loser OP:
Despite the shortfall, California is likely not headed toward another cash crisis like the one that engulfed the state during the Great Recession more than a decade ago. California had less than $8 billion available to spend at the end of September 2008 during the Great Recession. This year, California has more than $130 billion available, including $37.2 billion in its various savings accounts.
“I think the state is far better positioned for a potential economic downturn this time around than it has been in contemporary history,” said Chris Hoene, executive director of the California Budget & Policy Center.
Obviously, we’re talking about a state with over 100+ billion surplus the last calendar year, not poor states like Texas that had to fudge the numbers to come up with a meager 25 billion surplus…