Dr. Houman Hemmati California Governor Gavin Newsom presented his proposed 2024-2025 budget Wednesday and started off by claiming that the state’s not actually facing a $68 billion shortfall, that according to his office the state faces a $37.9 billion shortfall, and tsk-tsk’ing journalists who cited the December number from the Legislative Analyst’s Office.
Yeah, that’s so much better.
RELATED: Newsom Tried to Use the Pandemic to Create a Progressive Paradise; Now CA’s Facing a $68 Billion Deficit During his presentation Newsom announced that he plans to use $10.4 billion from the state’s rainy-day fund and $2.7 billion from other reserves to partially close that gap, but in order to use the rainy-day fund Newsom has to declare a budget emergency. Now, the term “emergency” implies something unforeseen; California had large surpluses in 2021-22 and 2022-23 , but Newsom and the Democrat supermajority didn’t choose to pay off debt with […]
Read the Whole Article From the Source: redstate.com
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