US EditionSacramento’s Spending Addiction Continues
The Legislative Analyst’s Office warns that despite $11 billion in revenue gains, constitutional spending mandates and rapid budget growth cause a nearly $18 billion shortfall next fiscal year.
- In a report released last Wednesday, the California Legislative Analyst's Office said the state faces a nearly $18 billion budget problem next fiscal year due to higher-than-expected spending.
- LAO analysis found revenue estimates rose $11 billion compared to the budget act, but constitutional mandates and California budget growth over 63% in five years under Governor Gavin Newsom offset gains.
- LAO emphasizes that general fund spending invariably increases each year beyond inflation and population, with Newsom's budget growing over 63% in five years.
- The LAO recommends addressing budget challenges now rather than waiting for a crisis and warns borrowing and other temporary budget tools only defer problems, leaving the state ill-equipped for downturns.
- Critics including David Tangipa, Republican Assemblyman and Assembly Budget Committee member, and State Sen. Roger Niello, Republican vice chair of the Senate Budget Committee, cite a $35 billion structural deficit and note Texas runs a $24 billion surplus, increasing pressure on taxpayers for solutions this year.
11 Articles
11 Articles
Sacramento’s spending addiction continues
In a report released last Wednesday, California’s Legislative Analyst provides an analysis of the state’s General Fund budget condition including both revenue and expenditure estimates. For taxpayers, the news isn’t good. One of the more depressing conclusions from the report was the statement that, “As it stands—with larger forecasted deficits and many fewer tools available to address them—California’s budget is undeniably less prepared for dow…
Sacramento’s spending addiction continues
In a report released last Wednesday, California’s Legislative Analyst provides an analysis of the state’s General Fund budget condition including both revenue and expenditure estimates. For taxpayers, the news isn’t good. One of the more depressing conclusions from the report was the statement that, “As it stands—with larger forecasted deficits and many fewer tools available to address them—California’s budget is undeniably less prepared for dow…
Sacramento’s spending addiction continues
In a report released last Wednesday, California’s Legislative Analyst provides an analysis of the state’s General Fund budget condition including both revenue and expenditure estimates. For taxpayers, the news isn’t good. One of the more depressing conclusions from the report was the statement that, “As it stands—with larger forecasted deficits and many fewer tools available to address them—California’s budget is undeniably less prepared for dow…
Sacramento’s spending addiction continues
In a report released last Wednesday, California’s Legislative Analyst provides an analysis of the state’s General Fund budget condition including both revenue and expenditure estimates. For taxpayers, the news isn’t good. One of the more depressing conclusions from the report was the statement that, “As it stands—with larger forecasted deficits and many fewer tools available to address them—California’s budget is undeniably less prepared for dow…
Sacramento’s spending addiction continues
In a report released last Wednesday, California’s Legislative Analyst provides an analysis of the state’s General Fund budget condition including both revenue and expenditure estimates. For taxpayers, the news isn’t good. One of the more depressing conclusions from the report was the statement that, “As it stands—with larger forecasted deficits and many fewer tools available to address them—California’s budget is undeniably less prepared for dow…
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Bias Distribution
- 64% of the sources lean Right
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