Public Comment

ECLECTIC RANT:California's Projected Budget Deficit

Ralph E. Stone
Monday May 22, 2023 - 01:10:00 PM

In June 2022, California Governor Gavin Newsom signed a $308 billion state budget that provided direct tax refunds for 23 million Californians to help address rising costs, tackles the states most pressing needs, builds our reserves, and invests in Californias future.

Then California gave back stimulus payments of $9.2 billion via the Middle Class Tax Refund program and later a second stimulus check. Now California projects a $32 billion budget deficit. And Gov. Newsom doesnt want to use the rainy-day or reserve fund to close the budget deficit.

Now I appreciate the stimulus checks, but what will Californians now lose as the state tries to close the budget gap — giving with one hand and taking back with the other. This is a heck of a way to run a business (state).