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California proposes mere $8.5 billion
spending cut against $68 billion deficit

Original Article

Posted By: Beardo, 1/11/2024 12:55:58 PM

California governor Gavin Newsom proposed a $292 billion state budget for the 2024-2025 fiscal year, driving economists to wonder why he plans only $8.5 billion in real spending cuts against what the nonpartisan Legislative Analyst’s Office says is a projected $68 billion deficit. (snip) “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center Square.

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Reply 1 - Posted by: stablemoney 1/11/2024 1:28:29 PM (No. 1634060)
Wait? Spending cuts? California has billions of slavery reparations to pay. And then there is the guaranteed minimum annual income for anyone in or coming to California. And the guaranteed heathcare for those that don't have any money. More needed putting the homeless up at hotels. California, you are billions of dollars in deficit, and need to come up with the money quick.
3 people like this.

Reply 2 - Posted by: GreatGreyhounds 1/11/2024 1:30:58 PM (No. 1634063)
I guess the white Californians aren't paying their fair share then, eh?
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Reply 3 - Posted by: DVC 1/11/2024 1:49:18 PM (No. 1634079)
My bet is that they cut nothing.
4 people like this.

Reply 4 - Posted by: john56 1/11/2024 1:59:02 PM (No. 1634090)
Any cuts will not affect any favored groups by California leaders. But if you're in a Republican district, you can forget about getting that road fixed anytime soon.
2 people like this.

Reply 5 - Posted by: Strike3 1/11/2024 4:19:21 PM (No. 1634208)
Democrat SOP is to spend a bunch of money that they don't have so they can leave the burden of debt on the next republican administration so they have to make the cuts and get blamed for hurting the usual minorities, poor, women and children. It's an old plan but it works every time to get democrats reelected.
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Reply 6 - Posted by: Starboard_side 1/11/2024 4:57:08 PM (No. 1634243)
They are hoping for voters to approve a couple of Propositions on the 2024 ballot that would open the flood gates for the Legislature to tax, tax, tax, and tax some more. The Cal State University employees (faculty, staff and administration) are currently demanding a 12% pay increase compared to the 5% being offered. The government is looking to now install a "wealth tax" that they claim would generate 10 billion each year. Remember, no matter how much they get it will never be enough. They'll be looking for more the next year. Don't be fooled.
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