Gavin Newsom’s budget proposal is big and irresponsible

Gavin Newsom’s budget proposal is big and irresponsible
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California Gov. Gavin Newsom gestures toward a chart showing funds he has allocated to climate change as he discusses his proposed 2020-2021 state budget during a news conference in Sacramento, Calif., Friday, Jan. 10, 2020.. (AP Photo/Rich Pedroncelli) Gov. Gavin Newsom’s proposed new budget is as big and unruly as the nearly three-hour press conference he held last week to unveil it. Like many things the new governor proposes, his budget is filled with grandiose promises and backed by lofty rhetoric. But, ultimately, it epitomizes little more than Sacramento’s typical approach of throwing money at problems and raising taxes even when there’s no obvious need to do so. The record-setting $222 billion budget increases spending by 2.3 percent and counts on an additional $107 billion in revenues from the federal government. We’ll start with the good news. His budget boosts the rainy-day fund to $21 billion, to guard against coming economic doldrums. It makes an extra $3 billion payment to California’s beleaguered pension funds. Newsom warned against lawmakers’ spending impulses given the state’s surplus is projected at $5.6 billion – far less than the current budget’s $21.1 billion surplus. This reflects an acknowledgement that the economy is growing at a much-slower rate. On the bad side, it’s basically a wish-list of liberal spending ideas. The proposal would spend an additional $900 million to address the state’s teacher shortages, another $700 million to fund the Medi-Cal program, and yet another $750 million to deal with the homeless crisis. Newsom proposes […]

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