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CalMatters: Newsom, legislators given stark budget warning ...Middle East
The Capitol is agog about Gov. Gavin Newsom’s declaration that California will have a nearly $100 billion budget surplus. “You’ve never seen a number like this,” Newsom told reporters as he unveiled his revised 2022-23 budget proposal. Nearly half of the surplus must, by law, go to schools. The governor and legislative leaders are now busily negotiating how to spend the other $52 billion. They agree on giving a big chunk of it back to Californians but are arguing over how much and who will get the checks and/or cash cards. However, the Legislature’s own budget advisor, Gabe Petek, is warning the politicians that they should be very careful because the budget could be in big trouble in the ye
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