Looks like Gov. Newsom is not on top of things as much as he would like.
Not at all... A little problem with numbers. From FOX News:
Gavin Newsom predicted massive budget deficit for California. Reality was even worse, analysis finds
California's budget deficit may be billions of dollars larger than the already big number predicted by Democrat Gov. Gavin Newsom, raising concerns about the Golden State's fiscal future.
Last month, Newsom announced that California faces a projected budget deficit of $22.5 billion for the coming fiscal year. The figure represented a striking downturn from last year, when the state enjoyed a surplus of about $100 billion due to federal COVID relief and surging capital gains.
While the predicted year-to-year drop-off seemed large, it may not have been large enough.
The California Legislative Analyst's Office (LAO), a government agency that analyzes the budget for the state legislature, estimates in a report published last week that Newsom's forecast undershot the mark by about $7 billion, thanks to about $10 billion less in tax revenues than expected.
Whoops - he got a whole bunch of money from his cronies in FedGov for corona (it is all a money laundering scam - same as the climate scam) and didn't bother to keep tabs on what CA's real income was. When you have thousands of corporations as well as several hundred thousand taxpayers fleeing the state every year, your revenue is going to experience some shrinkage and it is not going to be pretty. Can't touch the social programs otherwise the media will raise such a stink. Those are your protect class - the bloc of reliable Democrat votes that keep you in power.
What's a petty tyrrant to do... Tax the rich? Again?
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