
A Flimflammery Budget?
The Governor’s May Revise is out.
Senator McClintock has this initial response on his blog:
… Read MoreGoing Forward (Backwards)
The Governor’s May budget revision has been released and from all appearances it moves in the wrong direction. The skepticism in my May 10th blog was borne out: the “significant spending cuts” hinted last week were flimflammery. The May Revision INCREASES the Governor’s January proposal from $103.1 billion to $103.8 billion. Some cuts. The projected deficit for next year widens from $1.9 billion to $2.5 billion. And that’s if everything in it works perfectly. Significant statutory changes will be required for roughly $5 billion of the plan.
If it were adopted intact and its projections are correct, state spending will have increased at an