Opinion: Budget deficit poses Newsom’s first big challenge as governor
SACRAMENTO – Gavin Newsom is perhaps one of the luckiest governors in California history given that he has presided during an economic boom that, at one point, left the state with an almost unimaginable $97.5-billion budget. Mainly, all he had to do was propose spending programs – and he had compliant Democratic supermajorities to give him what he wanted.
He’s even been blessed by Mother Nature. Back in December, California stared down an unusually severe drought – one that environmental Chicken Littles claimed was the beginning of a centuries-long mega-drought – that was leading to tough choices including water rationing. Then the skies opened up for two months and theTalk about living a charmed life.
This confirms my long-time theory of California government: Good economic times result in the worst policy outcomes because our leaders don’t have to make any hard choices. They just spend more money, pass more regulations and create new agencies that result in the same old failed outcomes. Hey, we’re the worlds’But now Newsom will have to make tough choices, as the economy veers into recession and our capital-gains-dependent budget tanks as the tech economy sputters.
Brown also ended redevelopment agencies – locally controlled agencies that redirected tax revenues to corporate subsidies. Because the state had to backfill money to the public schools, they diverted billions of dollars from the budget.
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