The current economic downturn due to the COVID-19 pandemic is like nothing we have experienced in modern times. The economic pain has disproportionately impacted public-facing businesses and their workers, along with small business owners statewide. Surprisingly, however, much of the California economy has been spared due to the ability of workers to telecommute or to continue on the job utilizing safety protocols. Further, a buoyant stock market and surprisingly strong real estate market created capital gains revenues double the amount forecast in 2020.
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