Opinion: Governor, Dem Lawmakers Opt for Gimmicks, Wishful Thinking to Close Budget Deficit ...Middle East

Gov. Gavin Newsom presents his budget plan in Sacramento in January. Courtesy of the governor’s office Gov. Gavin Newsom and his fellow Democrats in the Legislature spent their way into a massive state budget deficit by assuming that a one-time surge in revenues would become a permanent cornucopia of money to expand medical and social services. As revenues flattened, particularly all-important personal income taxes, the gap between income and outgo could no longer be ignored. In January, Newsom pegged the deficit at $38 billion as he proposed a 2024-25 budget. The Legislature’s budget analyst, Gabe Petek, calculated that the real deficit over the remainder of the current fiscal

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Opinion: Governor, Dem Lawmakers Opt for Gimmicks, Wishful Thinking to Close Budget Deficit ...Middle East

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