Newsom, legislators opt for gimmicks and wishful thinking to close ...

So far, Newsom and legislative leaders are ignoring Petek’s advice and are using wishful thinking, accounting gimmicks and borrowed money to fashion a budget they will portray as balanced, …

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California Progressives Forced To Play Defense As State Faces Huge ...

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Apr 3, 2024 · With Gov. Gavin Newsom bragging about a nearly $100 billion state ... Read More from Dan Walters: Newsom, legislators opt for gimmicks and wishful thinking to close …

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Are Newsom and legislative leaders ignoring Petek's advice?

So far, Newsom and legislative leaders are ignoring Petek’s advice and are using wishful thinking, accounting gimmicks and borrowed money to fashion a budget they will portray as balanced, but would, as Petek says, make the state’s fiscal predicament even worse in future years. ...

Will Newsom finish his full term if reelected?

Newsom directly answered the question by saying "yes, I will finish my full term if reelected". He defended his national campaigning by stating that he "barely" left the state and was addressing national Republican leaders who are "banning books and ‘demeaning’ the LGBT community. ...

Why did Newsom have a deficit?

It was an illusion stemming from an overly enthusiastic response to tens of billions of one-time dollars pumped into the state’s economy by federal pandemic relief programs. The bubble quickly burst but politicians had already spent many of the phantom dollars. The deficit is a gut-check for Newsom and legislators. ...

How did Gavin Newsom get into a state budget deficit?

Gov. Gavin Newsom and his fellow Democrats in the Legislature spent their way into a massive state budget deficit by assuming that a one-time surge in revenues would become a permanent cornucopia of money to expand medical and social services. ...

Could Newsom's deficit be a Gut-Check?

The bubble quickly burst but politicians had already spent many of the phantom dollars. The deficit is a gut-check for Newsom and legislators. They could summon the political courage to deal with it as a serious fiscal crisis, or they could — and probably will — pretend to close the gap on paper and kick the can down the road. ...