California’s broke, but Newsom wants to spend even more |
California is going broke, the state is losing even more tax revenue, and Gov. Gavin Newsom (D-CA) still wants to spend even more taxpayer dollars that the state just does not have.
According to KCRA News’s Ashley Zavala, Newsom is proposing increasing California’s budget to $348.9 billion, up from its previous budget of $321 billion. According to Zavala, Newsom is “basically proposing to let the next Governor figure out” the state’s “structural deficit issue.” Newsom is projecting a budget deficit of “just” $2.9 billion, not factoring in a possible economic downturn, which the California Legislative Analyst’s Office has when projecting the deficit........