Public Comment
ECLECTIC RANT:California's Projected Budget Deficit
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 state’s most pressing needs, builds our reserves, and invests in California’s 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 doesn’t 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).